AfDB directors visit Cameroon with $3 B project portfolio
A delegation of African Development Bank Executive Directors, have concluded a week-long fact-finding mission to Cameroon to investigate where investment is most needed.
Central Africa
Central Africa, Cameroon: A delegation of African Development Bank Executive Directors, have concluded a week-long fact-finding mission to Cameroon to investigate where investment is most needed.
During their visit, they met with the country’s Prime Minister and other senior officials. The mission began on 2 March 2020 in the capital, Yaoundé where the Executive Directors held consultations with stakeholders, including private sector operators and development partners. They also toured Bank-financed projects.
The Bank’s portfolio in Cameroon, estimated at $3 B, is the most prominent in Central Africa in terms of commitments.
Bank-funded projects visited by the team included the electricity transmission and distribution networks (PREREDT), which has provided power to nearly 12,000 households in southern Cameroon with plans to power additional 16,000 households; and the 200 MW Kribi Power Development Corporation (KPDC) power plant, which is supporting social initiatives for local communities in the areas of education, health and environment.
Source: ESI Africa