The International Finance Corporation (IFC) is providing a 5 billion FCFA loan to Catramp, a major logistics company, to upgrade infrastructure and expand operations in Cameroon, Chad, and the Central African Republic. The investment will focus on the vital Douala-N’Djamena and Douala-Bangui trade corridors, which are crucial for supplying landlocked Chad and the Central African Republic. This funding aims to improve operational efficiency, reduce delivery times, and enhance the competitiveness of businesses reliant on these routes. The project is expected to streamline trade flows and secure supply chains for Chad and the Central African Republic, both heavily dependent on Cameroonian infrastructure for external trade. The IFC, part of the World Bank Group, emphasizes its commitment to logistics development in Central Africa. Ultimately, the investment seeks to foster regional integration and facilitate the movement of goods throughout the sub-region.
