(Business in Cameroon) - On September 25, 2014, Environmental Chemical Corporation LLC (ECC), the leader of an American consortium that includes General Electric (GE), during a visit paid to Douala by its heads, confirmed 261 billion FCFA in financing for Cameroon Water Utilities (Camwater), the public company in charge of the water distribution infrastructure management in the country.

According to a release published by Camwater, following a working session that the team had with Jean Williams Sollo, MANAGING Director of Camwater, Manjiv Vohra, the CEO of ECC, explained “coming to Douala to put in place a road map for the proper completion of the various projects as required by the Minister of Economy, Planning and Land Development at the September 23, 2014 meeting.”

The confirmation of this financing agreement is one of “the outcomes of the economic forum held by the Cameroonian government in the margins of the United States/Africa on 5^th, 6^th and 7^th August 2014.” Indeed, Camwater indicates that during this event, “the respective managing directors of Camwater and ECC LLC, signed a trade a commercial contract for 261 billion FCFA in financing. This was the fruit of several months of negotiation with the American consortium at the request of the Office of the President of Cameroon.”

The financing will be used to complete “the city of Yaoundé’s water network expansion project involving the addition of a new water distribution system along the Nyong River in Olama with an estimated production capacity of 250,000 m³ per day. This will bring total water production in Yaoundé to 490,000 m3/day and resolve, once and for all, the shortage of water” in Cameroon’s capital.