(Business in Cameroon) - On October 11, 2019, President Paul Biya authorized the minister of the economy Alamine Ousmane Mey to sign a €17.96 million (close to XAF12 billion) loan agreement with the AfDB.
According to official sources, this funding approved a year earlier is dedicated to the construction of the Ring Road, a road that will connect the Northwestern region of Cameroon, to Nigeria.
The 357-km Ring Road crosses six of the seven departmental capitals in the Northwestern region. The estimated cost of the works is about XAF143 billion.
To date, only the 60.5-km Ndop-Kumbo section has been completed because since 2016, the Anglophone regions of Cameroon have been the base for pro-independence claims creating insecurity and hindering large construction works.
Some months ago, a Tunisian engineer was kidnapped at a road construction site in the region. Days later, he was found murdered.