Govt increases efforts to bail out CDC -Authorises acquisition of credits to finance production plants in the Corporation

By Noela EBOB BISONG The government of Cameroon has in two separate decrees, authorised the acquisition of bank credits, to finance the supply and installation of processing plants of products produced by the Cameroon Development Corporation, CDC. The two decrees were signed by President Paul Biya, last September 22. The first decree, numbered 2025/469 of 22 September 2025, authorises the Minister of the Economy, Planning and Regional Development, Alamine Ousmane Mey, to sign a commercial credit with the Standard Chatered Bank of London to the tune of EUR 7 118 812 74 million (FCFA 4 669 635 048. 49 billion)…