logoBC
Yaoundé - 09 December 2019 -
Energy

Cameroon: CFA10 billion to fund SMEs specialized in renewable energies

Cameroon: CFA10 billion to fund SMEs specialized in renewable energies
  • Comments   -   Tuesday, 28 November 2017 13:56

(Business in Cameroon) - The French development bank (Agence française de développement -AFD) and SCB Cameroon, subsidiary of the Moroccan banking group Attijariwafa Bank, just launched a CFA10 billion credit line in order to finance Cameroonian SMEs initiating renewable energy projects.

According to the banks, the loan will be granted to SMEs that meet the criteria with very competitive interest rates. They revealed that they have already identified some interesting projects.  

The program should help increase the proportion of power generated through renewables in Cameroon’s energy mix. As a matter of fact, wind, solar and biomass energies officially represent 1% of this mix.

BRM

cameroon-new-issuance-of-fungible-treasury-bills-on-beac-market
On December 4, 2019, the Cameroonian Treasury proceeded to the issuance of a 26-week fungible treasury bills on the market of the Bank of Central African...
cameroon-35-of-gas-stations-are-located-in-rural-areas-ministry-of-energy
In Cameroon, 35% of the 835 gas stations in operation as of October 28, 2019 (for the 54 state-approved companies), are located in rural areas. This was...
cameroon-increased-daily-drinking-water-production-by-96-376-m3-between-2018-and-2019
In Cameroon, the national drinking water production increased from 731,080 m3/day to 824,456 m3/day between 2018 and 2019, according to recent data from...
cameroon-safacam-plans-to-invest-xaf3-5-bln-to-extend-its-oil-palm-and-hevea-plantations-in-dizangue
In Cameroon, the Ministry of State’s Property and Land Tenure recently granted an additional 2,000 hectares of land to Société Africaine forestière et...

Mags frontpage


Business in Cameroon n81: November 2019

The growing weight of Moroccan banks in Cameroon


Made in Cameroon products gradually take over supermarkets


Investir au Cameroun n91: Novembre 2019

Le poids croissant des banques marocaines au Cameroun


Le Made in Cameroon progresse dans les supermarchés