logoBC
Yaoundé - 19 April 2018 -
Electricity

Proparco declares its will to provide funds for the construction of Nachtigal Dam

Proparco declares its will to provide funds  for the construction of Nachtigal Dam
  • Comments   -   Tuesday, 10 April 2018 17:39

(Business in Cameroon) - At the end of an audience granted by Cameroon’s minister of finance ON April 6, 2018, Proparco announced its will to be a fund or guarantee provider for the construction of Nachtigal Dam.

It is however important to note that the construction of this 400MW infrastructure is steered by EDF, Cameroon and the International Finance Corporation but  are yet to mobilize the funds needed (about CFA650 billion). In that regard, World Bank, the head  of the International Finance Corporation announced that it was ready to provide a guarantee of $300 million (about CFA160 billion) to reassure potential investors.

B.R.M

Mags frontpage


Business in Cameroon n62: April 2018

First steps of an emerging nationalrecycling industry


Economic challenges related to the African Cup of Nations


Investir au Cameroun n72: avril 2018

Les premiers pas d’une industrie nationale du recyclage


Les enjeux économiques de la CAN