(Business in Cameroon) - The Cameroonian government will soon sign a financial agreement with Comerzbank Paris to the tune of 30.5 billion FCFA. This was revealed following the February 2 publication of presidential decree authorising the Economy Minister to sign the said agreement.
The agreement will allow for funds to be raised to finance Cameroon’s participation in peacekeeping efforts in Central African Republic, a country mired in political instability since the overturning of the Bozizé regime in 2013.
This instability in the CAR has had a negative impact on Cameroonian communities neighbouring that country’s border, particularly because of the influx of Central African refugees in Cameroon’s East region as well as attacks carried out in Cameroon by armed militants from the CAR.