GuarantCo has provided a USD 38.4 million guarantee solution to Société Générale Cameroun (SG) and Société Commerciale de Banque Cameroun (SCB), a subsidiary of Attijariwafa Bank Group, to finance TollCam to support debt for the modernization, operation and maintenance of 14 toll plazas across Cameroon.
The financing comprises a 14-year combined liquidity extension and partial credit guarantee. Tollcam is a project company established by Egis and Fayat.
The project is being developed by the sponsors under a 20-year PPP agreement with the Government of Cameroon (GoC). The combined guarantees will help SG and SCB provide US$52.5 million of long-term debt arranged by Société Générale Côte d’Ivoire to support the toll development project.
Country updates
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June 21, 2022
Funding received for modernization of Toll plazas in Cameroon
GuarantCo, has provided a USD 38.4 million guarantee solution to Société Générale Cameroun (SG) and Société Commerciale de Banque Cameroun (SCB), a subsidiary...
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March 21, 2022
Financing received for Douala East Entrance Road PPP project
UK Export Finance provides GBP113 million (US$148.88 million) of financial support for the Cameroonian Government to help UK businesses complete essential roadworks that will unlock the country&r...
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February 21, 2022
World bank approves financing package for Cameroon-Chad Transport Corridor project
The World Bank has announced that it has approved the financing package for the Cameroon-Chad Transport Corridor project. The project involves the development and improvement of road and r...
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January 06, 2022
Construction of USD1.1 billion hydropower PPP project in Cameroon partially completed
Besix, the project owner for Nachtigal dam concession, has achieved significant construction progress for the Nachtigal dam structure located on Sanaga river.
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July 21, 2021
IFC seeks consultants for Bus Rapid Transit PPP project in Cameroon
International Finance Corporation (IFC) has published three requests for expression of interest (RFEOI), looking for several advisors in the field of legal, environmental & social, and technical c...
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