Cameroon ratifies two airport transportation agreements with Congo and Kingdom of Spain

Transport

Cameroon ratifies two airport transportation agreements with Congo and Kingdom of Spain

Comments

- Thursday, 24 July 2014 07:54

(Business in Cameroon) - On July 22, 2014, the Cameroonian Head of State, Paul Biya issued two decrees ratifying the air transportation deals struck respectively with Republic of Congo and the Kingdom of Spain in December and November 2012.

These two agreements will enable the Congolese and Spaniard airlines to serve Cameroon and will help to boost trade between the two countries and Cameroon.

While trade with the Congolese Republic corresponds to 5% of the intra-communities in the CEMAC zone of which Cameroon and Congo, in 2005 for example, Spain was Cameroon’s top trading partner in exports, with a 357 billion FCFA sum, compared to 38 billion FCFA for imports. The authorities of both countries assert that these numbers can be improved in light of the potential projects to come.

Follow @investcameroun

AfDB reports CFA3tn in financing for Cameroon over 60 years

The African Development Bank has approved CFA10,950 billion in financing for countries in Central Africa over the past 60 years since its inception in...

Cameroon spends nearly CFA71bn on public debt interest in Q1 2024

In the first quarter of 2024, the Cameroonian central administration made debt repayments totaling CFA312.4 billion, excluding outstanding payments....

Cameroon's domestic debt rose by CFA169bn in Q1 2024, driven by public securities

Cameroon's domestic debt, excluding payables over three months, has increased by CFA169 billion between March 2023 and March 2024. According to the latest...

Infrastructure projects receive over 56% of AfDB funding in Cameroon

The African Development Bank (AfDB) reports that 56.5% of its portfolio in Cameroon is dedicated to financing transportation infrastructure. Among the...