Yaoundé - 08 December 2022 -

Cameroon seeks $151mln from Industrial and Commercial Bank of China for energy projects

Cameroon seeks $151mln from Industrial and Commercial Bank of China for energy projects
  • Comments   -   Friday, 21 December 2018 17:04

(Business in Cameroon) - The Cameroonian government is seeking funds to build the Ebolowa-Kribi transmission line (225 kV), the 90-kV line between Njom-Yekombo and Mbalmayoand, the 225/90/30 kV station in Kribi.

According to the energy and water ministry (Minee), procedures to secure the financing from the Industrial and Commercial Bank of China (ICBC) are already underway. Once completed, Minee says, the project will allow to evacuate part of the energy generated at the Memve’ele plant (211 MW), secure the Kribi industrial port area with electricity and connect the Mekin hydroelectric dam (15 MW) to the Southern Interconnected Network (RIS).

The XAF420-billion Memve'ele dam is being built by the Chinese Sinohydro on the Ntem River, while work for the Mekin project is entrusted to China National Electric Engineering Co (CNEEC) for an amount of about XAF25 billion.

Let’s note that all studies including feasibility, detailed pre-project, and environmental and social impact studies, under this project, are completed.


The Development Bank of Central African States (BDEAC) announced the launch of its third consecutive bond issue on the Douala-based Central African Stock...
Cameroon wants to borrow CFA 4.46 billion from Unicredit Bank Austria. According to official information, the money will be used to carry out a public...
The U.S. agency Fitch Ratings issued a report on December 2 maintaining Cameroon's rating at B with a stable outlook on all long-term foreign currency...
Cameroonian exporters shipped goods to 128 countries overall last year, according to a report recently published by the national institute of statistics....

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 »