Yaoundé - 16 November 2019 -

AfDB provides XAF12 bln loan for construction of the road connecting Cameroon and Nigeria

AfDB provides XAF12 bln loan for construction of the road connecting Cameroon and Nigeria
  • Comments   -   Wednesday, 16 October 2019 17:30

(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.


The 2019-2021 contract plan, between Cameroon Postal Services (CAMPOST) and the government, for the restructuration of this state-owned firm, is being...
Today, November 15, 2019, Cameroonian minister of industry Dodo Ndocké is inaugurating the new facilities of local glass-making company SOCAVER in Douala,...
On 13 November 2019, Cameroonian footballer Jean II Makoun signed a partnership agreement with the Franco-Cameroonian company Upowa to promote renewable...
In Yaoundé, onions have become luxury products. Indeed, recently, the price of this product has doubled and nearly reached triple of its former price....

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