Camair-Co threatened with cessation of activity in a meeting with Louis-Paul Motaze on 15 October
Cameroon’s Finance Minister has summoned the CEO of the airline which is seeking a CFA francs 2.6bn bail-out. Camair-Co cannot meet its debts and its operations are in danger.
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▪ Camair-Co threatened with cessation of activity in a meeting with Louis-Paul Motaze on 15 October
▪ Cameroon’s Finance Minister has summoned the CEO of the airline which is seeking a CFA francs 2.6bn bail-out. Camair-Co cannot meet its debts and its operations are in danger.
▪ https://www.africabusinessplus.com/en/799030/camair-co-threatened-with-cessation-of-activity-in-a-meeting-with-louis-paul-motaze-on-15-october/
The heavily indebted airline (CFA francs 35bn) had asked the Cameroon government to release a CFA francs 2.648bn credit lifeline to help it “meet its most urgent needs.”
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