Yaoundé - 10 December 2019 -

Cameroon inks XAF10 bln funding agreement with the EU for rural electrification

Cameroon inks XAF10 bln funding agreement with the EU for rural electrification
  • Comments   -   Thursday, 28 November 2019 12:25

(Business in Cameroon) - On November 26, 2019, in Yaoundé, the Cameroonian government, signed, via the Ministry of Economy, a €16.15 million (a little over XAF10 billion) funding agreement with the European Union.

These funds will be used to partially finance the rural electrification and energy access’ improvement Project PERACE. This project is being implemented in six regions of Cameroon, namely the Far North, Adamaoua, the North, the East, South West, and North West.

Co-financed by the European Investment Bank and the World Bank, PERACE is the first phase of the Rural Electrification Master Plan developed by the Cameroonian government in 2016.


The Inter-Patronal Grouping of Cameroon (GICAM) recently updated its data on the socio-political crisis raging the North-West and South-West since October...
Cameroon's Prime Minister, Joseph Dion Ngute, announced on his twitter account that he recently brought together “about fifteen” representatives of...
In Cameroon, the Special Fund for Equipment and Inter-municipal Assistance (FEICOM) collected revenues amounting to XAF158.3 billion in 2018, a little...
Every year, Cameroon generates an average of XAF140 billion from the distribution of oil products. This was revealed by the minister of water and energy...

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