In October this year, the executive board of Cameroon Airlines Corporation (Camair Co) met twice. During the meeting on 15 October, the board recommended the Director General of this company which is currently facing significant financial challenges, a plan for cutting of jobs at a massive scale.
In fact, Camair Co with its fleet of three airplanes has around 800 employees, internal sources reveal. According to experts however, only 70 people should work on a plane, which means that Camair Co should currently have no more than 210 employees.
The decision by the company’s management coincides with the ongoing process “to recruit a consultant to audit and accompany Camair Co through the elaboration of a plan for its restructuring and revival”. As a matter of facts, a call of interest was launched to this effect in September by Ministry of Finance.
It should be reminded that since it went online in 2011, the state-owned airline company never really took off in terms of competition and profitability. Camair Co’s Director General, Jean Paul Nana Sandjo (the fourth since the company’s commissioning 4 years ago) said that the company, which never had a fleet of more than three planes, was presently buried under a pile of debts estimated to 30 billion FCFA.
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. ...
Three nations approve feasibility progress for cross-border SGR project Railway to link cities, boost trade via Dar es Salaam Project faces...
Putin proposes Russia-Egypt grain and energy hub to boost trade Egypt seen as strategic hub for redirected Russian exports Project faces uncertainty...
Djibouti launches École 42 digital training network with international partnership Program offers peer-learning, no degrees, focusing on practical tech...
Failing to anticipate market shifts can be costly for African businesses operating in increasingly competitive and volatile environments. Yet many still...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...