Afreximbank to loan €300m to Sonara

President Paul Biya has authorised the government to enter into negotiations with the pan-African export-import bank to finance the Cameroon-based company’s imports of refined petroleum products.

31/03/2020 at 16h58, by Omer Mbadi

The president’s decision was recorded in a memo dated 25 March sent by Ferdinand Ngoh, Secretary-General of the Presidency of the Republic, to his counterpart at the Office of the Prime Minister, Séraphin Magloire Fouda.

Recommended articles

Industry

31/05/2023 at 17h36, by Africa Business+

Who is Ahmadou Oumarou, the head of All Bitumen Cameroon (ABC) in Kribi?

The Cameroonian, who trained as a magistrate, is embarking on an ambitious bitumen production project...

Development Bank

20/08/2020 at 16h21, by Africa Business+

Benedict Oramah (Afreximbank) set to launch Afrexinsure

Coinciding with the implementation of the AfCFTA (African Continental Free Trade Area), Afreximbank’s...

Oil & Gas

24/03/2020 at 17h00, by Africa Business+

Benedict Oramah (Afreximbank) ready to step in to help SONARA

The head of the African export-import bank wrote in early February to the owner of Cameroon’s only refinery...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com