Cameroon: CFA10 billion to fund SMEs specialized in renewable energies

Energy

Cameroon: CFA10 billion to fund SMEs specialized in renewable energies

Comments

- Tuesday, 28 November 2017 13:56

(Business in Cameroon) - The French development bank (Agence française de développement -AFD) and SCB Cameroon, subsidiary of the Moroccan banking group Attijariwafa Bank, just launched a CFA10 billion credit line in order to finance Cameroonian SMEs initiating renewable energy projects.

According to the banks, the loan will be granted to SMEs that meet the criteria with very competitive interest rates. They revealed that they have already identified some interesting projects.

The program should help increase the proportion of power generated through renewables in Cameroon’s energy mix. As a matter of fact, wind, solar and biomass energies officially represent 1% of this mix.

BRM

Follow @investcameroun

Cameroon's red cocoa nears labeling as OAPI awaits coloration analysis

The Cameroon red cocoa, listed in 2019 as a product eligible for geographical indication (GI), has progressed towards labeling by the African Intellectual...

Cameroon poultry expo revives focus on industry transformation

The 2024 edition of the Yaoundé International Poultry Exhibition (Savi) kicked off on April 23 at the Congress Palace. The event organized by the Cameroon...

Beac's bond auction meets success in inflation combat efforts

On April 22, the Central African Central Bank (Beac) concluded a successful 14-week bond issuance worth CFA50 billion. This move, offering a 2.5% interest...

Cameroun delays bond sale amid regional market strain

The Cameroon government has postponed its planned 2024 bond sale, originally slated for April, due to market saturation caused by Gabon and the Central...