Transimex lands 1 billion financing from Fagace

The African Guarantee Fund and Economic Cooperation (FAGACE) has granted a 1billion FCFA fund to Transimex company.

Transimex has been operating in Cameroon since 2011 operating in stevedoring, recording, storage, handling, shipping, etc. official sourced informed.

The loan agreement was signed at the 41st session of the Governing Council of FAGACE, our sources said.

These funds, according to officials of Transimex, will finance the construction project of the headquarters building with six floors partially rental in Douala, the economic capital of Cameroon.

With this new loan agreement for Transimex, the FAGACE portfolio interventions in Cameroon is now increased to FCFA 30 billion, which allowed funding to support 14 projects in total.