Camrail Invests CFA12 Billion Annually in Cameroon’s Railway Network

Camrail invests CFA12 billion annually in Cameroon’s railway network and contributes CFA10 billion in taxes. These statements were made during the Yaoundé Economic Meetings. The railway enhances port operations and facilitates exports of various goods, crucial for the economy. AGL emphasizes improving logistics efficiency and sustainability as key priorities.

Cameroon Railways Company (Camrail), the sole railway operator in Cameroon, has disclosed that it invests nearly CFA12 billion annually in the railway sector. Additionally, the company contributes approximately CFA10 billion each year in taxes to the state. These financial figures were presented during the Yaoundé Economic Meetings held on February 26-27, 2025, organized by the Cameroon Employers’ Association (GICAM).

Alain Minoué, Camrail’s Commercial and Marketing Director, emphasized the company’s contributions to the economy, stating that they not only provide mobility solutions but also improve port operations, enhance corridor competitiveness, and stabilize fuel prices. The railway system facilitates the export of a variety of goods such as timber, cotton fiber, sesame, and gum arabic, significantly generating foreign exchange earnings.

Camrail assumed control of Cameroon’s railway network in 1999 following the privatization of Regifercam, the former state-owned entity. Initially under the French Bolloré Group and later transitioning to Africa Global Logistics (AGL), Camrail currently operates a 918-kilometer railway network handling both passenger and freight transport services.

Deputy Managing Director of AGL Cameroon, Mama Nsounchiat Fit, remarked on the importance of the Yaoundé Economic Meetings, citing it as a valuable opportunity to enhance engagement with stakeholders. He reaffirmed AGL’s commitment to building efficient logistics services that bolster the nation’s growth.

AGL’s strategic focus in Cameroon includes improving trade flow efficiency through customized logistics solutions, accelerating the digitalization of logistics services for operational productivity, and developing eco-friendly logistics solutions that align with the country’s environmental objectives.

In conclusion, Camrail’s significant investment in the railway network and its substantial tax contributions underscore its pivotal role in enhancing Cameroon’s logistics and transport sectors. The company’s efforts to streamline operations and facilitate exports contribute to the national economy, particularly in fostering trade relations with neighboring countries. AGL’s commitment to efficiency and sustainability further highlights the importance of modernizing infrastructure to support economic growth in Cameroon.

Original Source: www.businessincameroon.com