Gov’t obtains FCFA 109 billion loan from France

By DOH JAMES SONKEY France through Societe Generale Paris has granted Cameroon a loan worth FCFA 108,65 billion to reinforce electricity network in the economic capital of Cameroon, Douala. The two loan agreements were signed last March 7, 2018 in Yaounde between the government of Cameroon represented by the Minister of Economy, Planning and Regional Development, Alamine Ousmane Mey and the Managing Director, Head of Structured Export Finance Africa of Societe Generale France, Philippe Le Roch in the presence of Finance Minister, Louis Paul Motaze, Minister Delegate to the Minister of Economy in charge of Planning, Paul Tasong and French…