Cameroon: Government to invest CFA500M in Sodecoton
-
Comments - Monday, 29 October 2018 16:24
(Business in Cameroon) - Cameroon’s cotton development firm (Sodecoton) will soon benefit from a government financial support of CFA500 million, it is officially reported. The money will come from the CFA150 billion bond issue the government is to launch on the Douala Stock Exchange (DSX). Bonds will be subscribed from today October 29 to next November 9.
This envelope will be used to upgrade the company’s equipment, the government announced. Let’s note that Sodecoton monitors about 250,000 cotton growers in the country’s Northern region.
As a reminder, the State of Cameroon has entrusted the arrangement of its 5th bond issue to the consortium Société Générale - EDC Investment - Afriland First Bank. Six local banks joined in the underwriting syndicate, along with the arrangers, have already guaranteed CFA121.5 billion of the amount to be raised.
BRM
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 »
- Most read 7 days
- shared 1 month
- read 1 month
