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(Business in Cameroon) - The Cameroonian Head of State, Paul Biya, recently empowered Minister of Economy, Alamine Ousmane Mey to sign, on behalf of Cameroon, a XAF88.8 billion credit agreement with Standard Chartered Bank London and UK Export Finance (Ukef). According to the presidential decree published in that regard, the loan will fund phase 2 of the project aimed at reconstructing the East entrance to Douala. During the said phase, the roadway at the entrance of the Cameroonian economic capital will be broadened, resulting in smoother traffic flow for passengers coming from Yaounde, Edéa, or Kribi. The East entrance to Douala facilitates access to the brand new Japoma stadium. According to Cameroonian customs, it is also a link connecting the Douala-Ndjamena and Douala-Bangui corridors, through which XAF340 and 55 billion of Chadian and Central African goods respectively transit every year.

Central african republicCity ofUnited kingdomCentral africanPaul biyaAlamine ousmane meyStandard chartered bank londonCameroonian headUnited kingdom export financeநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்பால் பியாஅலமைன் ஔஸ்மந் மெய்தரநிலை பட்டய வங்கி லண்டன்ஒன்றுபட்டது கிஂக்டம் ஏற்றுமதி நிதிஅதிகாரம் பெற்றது