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Cameroon: AfDB to boost investments in the private sector

Cameroon: AfDB to boost investments in the private sector
  • Comments   -   Wednesday, 28 September 2022 10:36

(Business in Cameroon) - The AfDB Director for Central Africa, Serge Nguessan (pictured), met with actors of the Cameroonian private sector last September 26 in Douala, the economic capital.

The workshop was an opportunity for Serge Nguessan to stimulate the interest of these economic operators for the financing facilities offered by the pan-African financial institution.  "The African Development Bank is not that close to the private sector, especially in Central Africa. Our ambition is to turn more towards this sector. We want to ensure that the private sector receives equal funding as the public sector over the next seven years,” he said.

According to official data, out of the CFA1,594 billion in financial assistance granted to Cameroon by the AfDB between 2015 to 2022, only CFA100 billion, or 6.3%, went to the private sector.

Written by BRM 

Translated from French by Firmine AIZAN

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