Cameroon’s President Paul Biya signed a decree on May 4, 2026, authorizing Economy Minister Alamine Ousmane Mey to secure two loans totaling CFA7 billion from Deutsche Bank Spain.
According to the presidential decree, the financing will support the purchase of two fishing vessels and the redevelopment of facilities at the Youpwe fishing port in Douala.
The first loan consists of a buyer’s credit worth CFA6.230 billion, while the second takes the form of a commercial loan of CFA787.796 million.
A buyer’s credit is a bank financing mechanism that allows direct payment to the supplier for up to 85% of the value of the purchased equipment. A commercial loan, by contrast, is a supplier agreement that allows deferred payment over a period ranging from 30 to 90 days.
Construction of the Youpwe fishing port in Cameroon’s economic capital was financed through a CFA6.6 billion grant from Japan.
The facility aims to modernize the storage and marketing system for fishery products for about 262 fish vendors.
Following a dispute with the Ministry of Livestock, Fisheries and Animal Industries, management of the Youpwe port was ultimately assigned to the Douala city council after an interministerial meeting chaired by Prime Minister Joseph Dion Ngute on April 30, 2024, in Yaoundé.
BRM
