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Cameroon: Usd 75 Million to Be Mobilised by Local Banks at Beac for Grand Zambian Iron Operations
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Afriland First Bank, CBC, CCA Bank, BGFI Bank and UBA have been authorized by the Monetary Policy Committee (MPC) of the Bank of Central African States (BEAC) to raise CFAF 41.2 billion (approximately USD 75 million) to the Grand-Zambi Iron Deposit Project, executed by G-Stones Resources SA. These funds will be refinanced from BEAC's "B Window". The activation of this special window, dedicated to the financing of productive sector projects in th…
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