AFREXIMBANK: Over FCFA 187 Billion Already Injected In Cameroon

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AFREXIMBANK: Over FCFA 187 Billion Already Injected In Cameroon

30 sept. 2021 17:30

The Pan African financial institution has officially opened its Central Africa Regional office in Yaounde during its Roadshow events recently.

The African Export and Import Bank (AFREXIMBANK) is now operating in Yaounde, Cameroon’s political capital following the inauguration of the Central Africa Regional Office recently. The Regional office that covers the entire Central African Economic and Monetary Community (CEMAC) zone was launched in Yaounde after a series of roadshow events organised to showcase the bank’s intervention in Cameroon and the entire sub region as a whole.

Bank’s Portfolio in Cameroon

According to the AFREXIMBANK Global Head- Clients Relations, Réné Awambeng, since the banks inception, it has injected over USD 333,586,451. (Over FCFA 187 billion) while USD 62,151,528 is in the process of disbursement. Cumulatively, Afreximbank has disbursed about USD 2.3 billion during the past few years to the Central Africa region destined to finance commercial banks, special economic zones, governments, manufacturing industries and development banks of the sub-region. Cameroon, he stated, benefitted from 20 per cent of the total amount.

Close To FCFA 300 Billion For CEMAC Economies

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