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Cameroon Airlines plane attacked during landing at Bamenda airport

Cameroun : Incertitudes sur les causes de sortie de piste d un avion à l aéroport de Yaoundé Nsimalen

Cameroun : Incertitudes sur les causes de sortie de piste d un avion à l aéroport de Yaoundé Nsimalen
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Cameroon: Public Companies recorded XAF452 5 bln of external debt at end-2020 (CAA)

(Business in Cameroon) - As of December 31, 2020, public companies’ external debt was XAF452.5 billion, according to the national sinking fund CAA. The Same source informs that that debt was owed by four companies, namely, Société nationale de raffinage (Sonara),Cameroon Airlines Corporation (Camair Co),  Aéroports du Cameroun (ADC), and the Port Authority of Douala (PAD).  State-owned refinery Sonara was owing XAF359 billion, representing 79.3% of the overall public companies’ external debt at the time. According to the CAA, SONARA’s external debt was owed to foreign traders and year-on-year, it is down by XAF12 billion. In 2016, the figure was XAF25.1 billion, XAF33.3 billion in 2017, and XAF52.4 billion in 2018. However, at end-2019, it rose substantially to XAF371 billion.

Camair Co offers a 10% discount on the northern routes, its largest domestic market

Camair Co offers a 10% discount on the northern routes, its largest domestic market (Business in Cameroon) - State-owned airlines, Cameroon Airlines Corporation (Camair Co) announces a 10% discount on its fares for the three northern destinations  (Garoua, Ngaoundéré, and Maroua) going from Yaounde and Douala. This discount is the second marketing action Camair Co is implementing for its northern routes in the country since it resumed the Ngaoundéré route in late 2020 (when it resumed operations on October 18, 2020, after an 8-month suspension, the city was not on the list of domestic destinations served). Through this marketing operation, the state-owned airlines will probably reinforce its positioning on the northern routes, which represent its first market, ahead of Yaounde and Douala.

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