logoBC
Yaoundé - 31 May 2020 -
Public management

Afreximbank to open its branch in Cameroon to cover the Central African region

Afreximbank to open its branch in Cameroon to cover the Central African region
  • Comments   -   Friday, 08 November 2019 13:07

(Business in Cameroon) - The information has not received much publicity but, it means a lot for Cameroon. Indeed, on October 29, 2019, Félix Mbayu, Minister Delegate at the Ministry of External Affairs in Charge of the Commonwealth, received a delegation from Afreximbank led by Gérard Chihota, head of the secretary unit of this financial institution’s board of directors.

According to the minister, the audience was about the launch, in Cameroon, of Afreximbank’s subsidiary for the Central African region. He provided no further information but this subsidiary will probably be opened in Yaoundé.  

Since its creation in 1994, the Cairo-based Afreximbank has already approved several billion CFA Francs of credit facilities for Cameroonian companies and institutions.

In January 2018, for instance, in partnership with the African Development Bank (AfDB), Afreximbank provided a loan of about XAF25 billon, with guarantees from the Cameroonian government, to boost the activities of Société des plantations de Mbanga.

S.A.

the-wood-sector-requests-support-to-tackle-the-twin-shocks-of-falling-demand-and-covid-19
In Cameroon, the wood sector has not been spared by the coronavirus. According to Giorgio Giorgetti, the president of the Cameroonian loggers’ association...
inflation-the-ins-doubts-cameroon-will-meet-the-community-benchmark-due-to-the-covid-19
In its recent note on the change in the consumer prices in Cameroon, the National Institute of Statistics (INS) listed the factors that should influence...
anti-covid-19-drugs-and-tests-production-process-is-being-finalized-madeleine-tchuente-says
"The process of production of endogenous drugs, test kits, vaccines and other health equipment dedicated to the fight against Covid-19 is being...
cameroon-world-bank-grants-xaf44-bln-loan-to-empower-women
On May 28, 2020, World Bank Executive Directors approved a $376 million (over XAF221 billion) loan as the fourth additional financing for the...

Mags frontpage


Business in Cameroon n87: May 2020

Roads, dams, fiber optics, markets... Cameroon’s big projects toward integration


«Central Africa is facing enormous challenges» - AfDB


Investir au Cameroun n97 Mai 2020

Routes, barrages, fibre optique, marchés… Les grands chantiers camerounais de l’intégration


« L’Afrique centrale est confrontée à d’énormes défis » (BAD)