The African Export-Import Bank (Afreximbank) and the Government of Cameroon have signed the two principal documents finalising the protocol toward the take-off of Afreximbank’s Central Africa Branch Office to be located in Yaounde.
At a ceremony witnessed by the Prime Minister of Cameroon, Dr. Joseph Dion Ngute, in Yaounde on Friday, Afreximbank President Prof. Benedict Oramah and Mbella Mbella, Minister of External Affairs of Cameroon, signed the Branch Office Agreement and the Memorandum of Understanding Concerning the Temporary and Permanent Premises of the Central Africa Branch Office in Yaounde.
In an address preceding the signing, Dr. Ngute said that the creation of the Central Africa Branch Office by Afreximbank was a high-stake endeavor that would position the countries of the sub-region for the takeoff of African states in the wake of the implementation of the African Continental Free Trade Agreement.
He commended Afreximbank for choosing to establish the Branch Office in Cameroon, saying that it was a great honour and eloquent proof of the economic and strategic role of the country in the Central Africa sub-region.
“Cameroon shall spare no effort in meeting the obligations made to Afreximbank” toward the set up and running of the Branch Office, he said” more