Yaoundé - 02 October 2023 -

Express Union gets CFAF2bln loan to boost operations in Chad

Express Union gets CFAF2bln loan to boost operations in Chad
  • Comments   -   Tuesday, 18 July 2023 03:48

(Business in Cameroon) - Express Union, the microfinance group owned by Cameroonian business mogul Albert Kouinche, recently secured a $3 million (about CFAF2 billion) loan from the International Finance Corporation (IFC). 

The loan will enable Express Union to further support the development of SMEs in Chad, where it is operating, since 2007, with a network of 38 branches. 

This loan is the second provided by the IMF to Albert Kouinche in one year. In July 2022, the business mogul, through Société Camerounaise d’équipement (SCE), one of his other companies, secured a CFAF2 billion loan. The funds made available to this financial institution were to boost the financing of Cameroonian SMEs through leasing.


Cameroon National Shippers' Council (CNCC) inaugurated last September 27 a community center in Kouseri, Far North, for the purpose of resting and...
The Bank of Central African States -BEAC- noted a good momentum on the primary public securities market throughout the year, despite a constant increase...
The Cameroonian Trade Department announced the introduction of a special facility to support the population in this tough economic context. Minister Luc...
Cameroon’s national refinery- Sonara signed last September 29 a deal with Trafigura PTE LTD to restructure CFA14 billion owed to the Swiss trader. Per...

Mags frontpage

Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer

Albert Zeufack: “Today, the most important market is in Asia”

Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir

Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »