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Economy

Cameroon: State-owned postal firm Campost happy about initial impacts of the government-backed restructuration plan

Cameroon: State-owned postal firm Campost happy about initial impacts of the government-backed restructuration plan
  • Comments   -   Friday, 15 November 2019 14:50

(Business in Cameroon) - The 2019-2021 contract plan, between Cameroon Postal Services (CAMPOST) and the government, for the restructuration of this state-owned firm, is being implemented in a rather “satisfactory” manner, one year after its signature. This was the comment of Minette Libom Li Likeng, Minister of Posts and Telecommunications, during the review meeting she chaired on 14 November 2019 in Yaoundé, the country's capital.

With regard to rehabilitation, we can retain the award of eight major contracts selected in the joint decree, from the ministry of posts and telecommunications and the ministry of finance, of 27 January 2019, which concerns respectively the organisational and human resources audit of Campost,” said Pierre Kaldadak, Campost's CEO.

According to him, contracts are also being implemented for the acquisition of an enterprise resource planning system, the supply and commissioning of 58 mailing machines, the installation, and commissioning of security equipment for mailings as well as the acquisition of data centre security upgrading infrastructure.  

In the same vein, it was learned, four financing windows have been identified to support this XAF22.8 billion plan. For its part, the government has committed, through the Ministry of Finance and the Ministry of Posts and Telecommunications, with the support of the AfDB, to provide XAF18.3 billion. The remaining XAF4.4 billion should be provided by Campost.

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