(Business in Cameroon) - The Development Bank of Central African States’ (BDEAC) investments in Cameroon reached CFA279 billion late June 2018, the institution said in a statement released September 17.

According to the document, the latest financing granted to the country (CFA7.2 billion) concerned the completion of a private project to set a cocoa processing unit in Kribi (Southern part). In recent years, BDEAC’s commitments mainly went to transport and energy sectors.

In the energy sector, the bank disbursed CFA20 billion to support the Lom Pangar dam’s construction, the largest infrastructure of its kind ever built in Cameroon with a storage capacity of 6 billion m3.  

In transport, the CFA25 billion injected targeted the construction of Kumba-Mamfé road in the South-Western region, which links Douala to neighboring Nigeria. BDEAC also supported the construction of the Sangmélima (Cameroon-Ouesso Congo) road, an inclusive project whose completion on the Cameroonian side has been facing difficulties in recent years.

Let’s note that the Development Bank of Central African States is a sub-regional institution which operates alongside both governments and private sector operators.

 Brice R. Mbodiam