Cameroon to recapitalize Camair-Co; absorb debts

Cameroonian president, Paul Biya, has approved a multi-million dollar bailout for struggling national carrier Camair-Co (QC, Douala) Minister of Transport, Edgar Alain Mebe Ngo’o, told state radio this week. The assistance will entail a XAF60 billion (USD101.4 million) injection while government will also arrange for a restructuring of XAF35 billion (USD59.17 million) worth of debt …