Finance

Cameroon: Government in search of consultants to restructure and reopen Camair Co

Thursday, 17 September 2015 14:57

Cameroon’s ministry of Finance just launched a call for expression of interest to recruit a consultant to audit and accompany Camair Co in drafting a restructuration and recovery plan. According to the government, the plan previously drafted in November 2013 and updated in 2014 could not be implemented up till now. However, with issues (...) piling up, the company’s whole existence is threatened.

Firms wishing to provide their services and revive Camair Co, have to submit their offers latest by September 30, 2015, at the Contracts services of the Ministry of Finance in Yaoundé. It has also been announced that the mission is to be carried over a three-month deadline period.

Since it started operating in 2011, the Cameroonian airline company never truly took off in regards to competition and productivity. With a fleet of three airplanes, Camair Co is presently buried under a huge debt which amounts to FCFA 30 billion, Jean Paul Nana Sandjo, Camair Co’s 4th Director General since its opening four years ago, revealed.

On the same topic
• Gabon disputes CCC rating, cites reforms and April election.• Fitch flags high debt and deficits, despite recent relief steps.• IMF deal eyed for 2026,...
• Ethiopia seeks $5B for UN development plan by 2030.• $6.5B deal signed, $1.5B already secured for SDGs and resilience.• Challenges...
• Gabon lost $1.75 bn in tax exemptions over three years.• New exemptions suspended, audit and reforms underway.• Import tax relief targets food and...
• Nsia Banque to launch securitizations in 5 West African countries to fund SMEs• Securitization frees credit by converting receivables into securities•...
Most Read
01

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
02

Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Afric...

Six African Countries Rank Among Top Economies in 2025
03

Ucamwal plans three new funds in Côte d’Ivoire, including Halal and women-focused options Two...

United Capital to launch Islamic and women-focused funds in Côte d’Ivoire
04

Mauritius is the most peaceful country in Africa for the 18th year in a row Sub-Saharan Afric...

Global Peace Index 2025: Mauritius Leads Africa, Again
05

• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...

Deepfake Threat Becomes Alarming in Africa as AI Advances Faster Than Laws
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.