logoBC
Yaoundé - 05 October 2022 -
Health

Saudi Arabia supports Cameroon’s health system with CFA6.7bn

Saudi Arabia supports Cameroon’s health system with CFA6.7bn
  • Comments   -   Monday, 29 August 2022 16:17

(Business in Cameroon) - Saudi Arabia is spending CFA6.7 billion on a health project in Cameroon. According to official information, the Saudi Fund for Development (SFD) signed a deal last August 26 with the government to co-finance the construction and equipment of the regional hospital of Mbalmayo, in the central region.

"The deal is aimed at building and equipping the hospital, which has a capacity of up to 200 medical beds," the Saudi Fund reported, adding that “a landing zone for emergency helicopters will also be equipped.”

Overall, the project requires an investment estimated at CFA22 billion. Other partners including the Arab Bank for Economic Development in Africa (CFA6.7 billion) and the Kuwait Fund for Arab Economic Development (about CFA6 billion) are also granting a helping hand while the Cameroonian government will contribute CFA2.4 billion.

Since 1977, the Saudi Fund for Development has financed 9 projects in Cameroon for an estimated total of $109 million (CFA71.7 billion) in the areas of infrastructure, drinking water, transportation, education, and health.

Written by: BRM

Translated from French by Firmine AIZAN

cameroon-exports-improved-by-5-4-yoy-in-q1-2022
The total export volume from Cameroon to the international market grew by 5.4% year-on-year between January and March 2022. The national stats agency...
imported-food-inflation-hovered-around-20-in-yaounde-in-august-2022
Inflation reached 7.4% in Yaoundé, Cameroon’s capital, in August this year, a recent INS report revealed. This rate was driven mainly by imported food...
cameroon-edf-counts-on-the-world-bank-to-finance-the-kikot-dam
Électricité de France (EDF), the company piloting the Kikot dam project on the Sanaga River, is counting on the World Bank to raise the financial...
cameroon-banking-and-communication-activities-supported-service-sector-improvement-in-q1-2022
The service sector in Cameroon performed well during the first three months of 2022, according to the National Institute of Statistics (INS). The...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »