Cameroon: State seeks nearly 270 million USD to refinance Socadel’s debt

According to the 2026-2028 restructuring plan project of the Ministry of Water and Energy, the State plans to mobilize nearly 150 billion CFA francs (approximately 270 million USD) from a pool of local banks. This operation aims to refinance a portion of the company’s short-term debt. The chosen scheme involves converting existing cash credits, estimated……