Yaoundé - 08 May 2021 -

Only Six out of the Thirty-five public corporations provided new debt data, sinking fund CAA informs

Only Six out of the Thirty-five public corporations provided new debt data, sinking fund CAA informs
  • Comments   -   Thursday, 29 April 2021 15:07

(Business in Cameroon) - At end-March 2021, public corporations’ non-guaranteed debt was XAF932 billion (representing 3.9% of GDP), according to a note on the economic situation recently published by the Autonomous Sinking Fund (CAA). Specifically, their domestic non-guaranteed debt was XAF469.4 billion while their external non-guaranteed debt was XAF462.1 billion at the time.

Those figures may not be accurate because the CAA warned that it is gradually adding new data as public corporations make them available. As far as the public corporations’ non-guaranteed debt is concerned, the sinking fund explains that it is stable on a Month-to-Month basis since no new data was received from public corporations. The CAA also explains that out of the 35 public corporations on its list, only six provided new data. The rest however are still not transparent.

The six corporations that provided their debt data are Société camerounaise de dépôt pétrolier (SCDP) whose debt is XAF2 billion, Société nationale de raffinerie (XAF373.9 billion debt), Camair-Co (XAF62.4 billion debt), MAETUR (XAF3.3 billion debt), MEAO (no debt), and CAA (whose debt is XAF2.2 billion).

The remaining public corporations that have not provided new debt data include Aéroports du Cameroun, Sodecoton, Campost, Camwater, Cicam, Magzi, Camrail, Sopecam, and Semry.

Sylvain Andzongo

Banana producers operating in Cameroon exported 13,186 tons of the fruit in April 2021, according to the Banana Association of Cameroon (Assobacam)....
The state-owned oil operator Tradex recently issued an international call for tenders for the supply, within five months, of 56,000 12.5 kg gas...
Cameroon and electric utility ENEO are currently fine-tuning a project to install mobile and modular emergency solar power plants. This was revealed, on...
In March 2021, in Douala, the consumer price index (CPI) rose by 0.2%, according to the National Institute of Statistics (INS). The figure is slightly...

Mags frontpage

Business in Cameroon n99: April 2021

Outages ENEO’s director-general explains the situation

Cocoa: Time to boost processing

Investir au Cameroun n109: Avril 2021

Délestages Le DG d’Eneo s’explique

Cacao : cap sur la transformation

  1. Most read 7 days
  2. shared 1 month
  3. read 1 month