As part of its ambitious program towards economic emergence by 2035, Cameroon has launched a public bond offering by the State of Cameroon, named ECMR 2023 à tranches multiples, from June 13th to June 30th, 2023.
The objective of this bond issuance is to raise 150 billion that will be used to fund large-scale projects, including the Deepwater Port of Kribi, the Lom-Pangar hydroelectric dam, the financing of revitalization programs for SODECOTON, the East and West penetrations of the city of Douala, the Yaoundé-Nsimalen highway, the second bridge over the Wouri River in Douala, the construction of the bridge over the MAPE River, the asphalting works of the Bamenda-Ekok-Bachuo-Akagbe corridor, the Foumban-Mankim-MAPE Bridge road, the Mengong Sangmélima road, the Mekin dam, the Douala-Yaoundé highway, and the rehabilitation and construction works of sports complexes and access roads in preparation for the organization of the 2021 African Cup of Nations (ACN).
Any investor can benefit from interest rates ranging from 5.80% to 7.25%, with bond tranches ranging from 20 to 50 billion, and the bond denomination set at 10,000 XAF. As specified in the official statement, investors can make their deposits through banks and brokerage firms that are members of the placement syndicate.
Maviance is proud to accompany ejara in making participation in ECMR 2023 possible. If you wish to invest, you can do so through ejara, in partnership with Makeda Asset Management (COSUMAF-SGP-06/2021), by clicking on the link below: