logoBC
Yaoundé - 22 October 2020 -
Energy

Cameroon obtains CFAF88 bln loan from the World Bank to boost electricity access in 417 rural communities

Cameroon obtains CFAF88 bln loan from the World Bank to boost electricity access in 417 rural communities
  • Comments   -   Monday, 15 June 2020 11:34

(Business in Cameroon) - The electricity access rate should soon improve in six regions in Cameroon (the Far North, North, Adamaoua, North-West, South-West and East). On June 12, in Yaoundé, a $150 million (about CFAF87.8 billion) loan agreement was signed by Ibrah Sanoussi, representative of the World Bank's Director of Operations in Cameroon, and Alamine Ousmane Mey, the Minister in charge of the Economy (Minepat), in the framework of Perace (Projet d’électrification rurale et d’accès à l’électricité dans les régions sous-desservies), a project aimed at boosting access to electricity in underserved regions.

This project, which will be implemented over five years, will enable the extension and reinforcement of the electricity network. It will do so through the construction of power lines and transformer stations in 417 new localities. This will provide electricity to more than one million people in the rural areas concerned.

 "This project will benefit not only electricity consumers but also the underserved population through job creation and improvement of the prospects for shared prosperity in Cameroon," the Minepat said.

"Improved access to electricity is a key factor in generating income and employment, and fostering productive uses of electricity in rural areas, "Alamine Ousmane Mey added.

According to data provided by the Minepat, the electricity access rate in underserved regions is barely 50%. For example, the Far North has a rate of 46%, the North 46%, and Adamaoua 52%. The World Bank notes that only one person in two has access to electricity in rural areas in Cameroon. To address this, the government adopted the Rural Electrification Master Plan in 2017, paving the way for improved access to electricity in these underserved areas.

S.A.

bollore-transport-logistics-cameroon-wins-contract-to-manage-wfp-s-deliveries-in-the-gulf-of-guinea
Following a call for tenders, the World Food Program (WFP) awarded the Cameroonian subsidiary of the French logistician Bolloré Transport & Logistics...
cameroon-three-additional-cocoa-post-harvest-treatment-centres-of-excellence-to-be-built-in-2021
Cameroon’s sixth cocoa Post-Harvest Treatment Centre of Excellence is scheduled to be inaugurated today October 22, 2020, in Ntui (a cocoa producing area...
cameroon-banana-exports-dropped-by-about-19-5-k-tons-yoy-in-jan-sep-2020
Banana exporters in Cameroon exported 136,048 tons of the products between January and September 2020, according to data compiled by the Banana...
digital-customs-duty-collection-system-has-paul-biya-saved-20-of-mobile-network-providers-turnover
On October 19, 2020, the Cameroonian Head of State, Paul Biya, ordered the suspension of the reform aimed at collecting customs duties on uncleared mobile...

Mags frontpage


Business in Cameroon n92: October 2020

Crowfunding A solution for young entrepreneurs


Serge Esso, rising lobbyist


Investir au Cameroun n102 Octobre 2020

Financement participatif Une solution pour les jeunes entrepreneurs


Serge Esso, le lobbyiste qui monte