logoBC
Yaoundé - 29 March 2024 -
Economy

2020 Paris investors roundtable: Cameroon to benefit from only XAF20 bln out of BDEAC’s investment pledges for CEMAC integrating projects

2020 Paris investors roundtable: Cameroon to benefit from only XAF20 bln out of BDEAC’s investment pledges for CEMAC integrating projects
  • Comments   -   Monday, 23 November 2020 10:41

(Business in Cameroon) - During the November 16-17, 2020 roundtable organized in Paris to raise funds for the implementation of 11 priority integrating projects in the CEMAC region, the Central African Development Bank (BDEAC) pledged €470 million (XAF308 billion). Out of those investment pledges, only €30.55 million (XAF20 billion) will benefit Cameroon.

Specifically, the BDEAC’s investment pledges that will benefit Cameroon include the following projects: the construction of a bridge over the Ntem River, transport facilitation, and road safety on the transnational Kribi-Campo-Bata road, on the Yaoundé-Bata corridor (€13.59 million, or XAF8.9 billion). There is also the construction of the Lolabé-Campo expressway between Cameroon and Equatorial Guinea (€9.40 million, or XAF6.16 billion) as well as the interconnection of the fiber-optic network between Cameroon and other CEMAC countries (€7.56 million, or XAF4.96 billion).

The other projects the BDEAC pledged investments for are namely the construction of the missing sections of the Ndendé-Doussala-Dolisie road on the Libreville-Brazzaville corridor (€61.18 million, i.e. XAF40.13 billion). There is also the construction of the Kogo-Akurenam road of the Bata-Libreville corridor (€200 million, i.e. XAF131.2 billion) and the development of the Brazzaville-Ouesso-Bangui-Ndjamena corridor that connects Congo-Chad-Central Africa (€178 million, i.e.XAF 116.77 billion).

S.A.

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »