{"id":460284,"date":"2018-05-29T12:53:42","date_gmt":"2018-05-29T12:53:42","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=460284"},"modified":"2018-05-29T12:53:42","modified_gmt":"2018-05-29T12:53:42","slug":"bmce-bank-releases-the-checkbook-for-cameroon","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/05\/29\/bmce-bank-releases-the-checkbook-for-cameroon\/","title":{"rendered":"BMCE Bank releases the checkbook for Cameroon"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The President of the Republic of Cameroon, Paul Biya, signed on May 24, 2018, a decree ratifying the loan agreement for an amount of 30 million euros (19 billion FCFA) expandable to 48.80 million euros. (approximately 32 billion CFA francs) between the Republic of Cameroon and BMCE Bank International PLC, a subsidiary of the Moroccan bank Bank Africa.<\/p>\n<p>The loan will be used to finance the rehabilitation of Roumd\u00e9 Adjia de Garoua stadium, the construction of its annex stadium, and a four-star hotel in the city. This loan is timely for a country engaged in a race against time to make available infrastructure before the African Cup of Nations (CAN) he intends to organize in 2019.<\/p>\n<p>For its part, the Moroccan bank, pending the approval of its approval file since September 2017, can count on the support of Yaound\u00e9 to influence the banking commission (COBAC).<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The President of the Republic of Cameroon, Paul Biya, signed on May 24, 2018, a decree ratifying the loan agreement for an amount of 30 million euros (19 billion FCFA) expandable to 48.80 million euros. (approximately 32 billion CFA francs) between the Republic of Cameroon and BMCE Bank International PLC, a subsidiary of the Moroccan<\/p>\n","protected":false},"author":527180,"featured_media":460288,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000,11996],"tags":[14173,12599],"class_list":{"0":"post-460284","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"category-finance-en","9":"tag-bmce-bank-en","10":"tag-cameroon-en","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BMCE Bank releases the checkbook for Cameroon - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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