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Yaoundé - 19 October 2019 -
Governance

IFC's Vice President for the Middle East and Africa Sergio Pimenta will visit Cameroon from July 10 to 12, 2019

IFC's Vice President for the Middle East and Africa Sergio Pimenta will visit Cameroon from July 10 to 12, 2019
  • Comments   -   Monday, 08 July 2019 16:03

(Business in Cameroon) - From July 10 to 12, IFC's Vice President for the Middle East and Africa Sergio Pimenta will visit Cameroon in the framework of the upcoming launch of Nachtigal dam (420 MW)’s construction project.

The project whose funds mobilization was coordinated by the IFC is 20% owned by the World Bank group’s subsidiary dedicated to the private sector’s financing. It will boost Cameroon’s energy generation capacity by 30%, create thousands of jobs and supply clean and affordable energy to residents and local companies.

During his visit in Cameroon, the vice president will meet high officials, private sector executives and many development partners. He will also conduct various field visits with IFC’s current and future clients.

The IFC’s active portfolio in Cameroon is estimated at $228 million. Apart from financial support, the institution also provides consulting services to help the government improve its business environment.

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