Eurofinsa wants to invest over 300 billion FCFA in Cameroon

The Spanish group, Eurofinsa, has proposed that the Cameroonian government accept a 500 million dollar line of credit (over 300 billion FCFA) through Deutsche Bank for road construction, affordable housing, health, energy and drinking water.

However, although the financing proposed by Eurofinsa seems to appeal to Cameroonian authorities, the Spanish company wants to provide the funds in Cfa francs.

Apart from roadwork, the sectors in which Eurofinsa would like to invest really do not inspire the Cameroonian government. Indeed, the government would like to re-direct the financing proposed for the building of an Olympic complex as well as hotels for the Africa Nations’ Cup that the country will hold in 2019.

Eurofinsa is a group of companies that specialises in the international sale of goods and the development and implementation of various infrastructure integrated projects for public institutions.

It is also proposing financial support to its customers with the help of international banks such as BNP Paribas Fortis, Deutsche Bank, BBVA, and Banco Santander.