logoBC
Yaoundé - 19 February 2019 -
Companies

Cameroon: Belgian BIA launches German MAN's truck distribution, in partnership with lessor Alios Finance

Cameroon: Belgian BIA launches German MAN's truck distribution, in partnership with lessor Alios Finance
  • Comments   -   Tuesday, 04 December 2018 19:34

(Business in Cameroon) - MAN-branded trucks, manufactured by German company MAN Truck, fully owned by Volkswagen, are now officially distributed in Cameroon. Distribution will be handled by the local subsidiary of the Belgian group BIA, we learnt during the launching ceremony in Douala, the economic capital.

This new step will see BIA broaden its footprint for MAN's truck distribution in Africa. The group is also present in Côte d'Ivoire, the Democratic Republic of Congo, Niger, Chad, Equatorial Guinea and the Central African Republic.

Sources said, for a better deployment of activities, BIA's local subsidiary has entered into a partnership with the lessor Alios Finance, which recently launched a bond issue worth CFA8 billion on the Douala Stock Exchange (DSX), the country's stock exchange.

BRM

Mags frontpage


Business in Cameroon n72: February 2019

Breeders’ resilience despite diffculties

2019, President Biya’s roadmap



Investir au Cameroun n82: Fèvrier 2019

La résilience des éleveurs en dépit des diffcultés

2019, la feuille de route du Président Biya