logoBC
Yaoundé - 26 September 2021 -
Infrastructures

Bdeac loans XAF6.6bln for development projects in Cameroon including a 4-star hotel in Douala

Bdeac loans XAF6.6bln for development projects in Cameroon including a 4-star hotel in Douala
  • Comments   -   Monday, 22 April 2019 16:17

(Business in Cameroon) - Cameroonian finance minister, Louis Paul Motaze, chaired April 19 in Malabo (E Guinea) the Board Meeting of the Development Bank of Central African States (Bdeac) which fetched his country XAF6.6 billion for development projects.

Part of the monies, XAF4.17 billion, will be used to build a 4-star hotel in Douala, Cameroon’s economic capital, while the remaining XAF2.5 billion will fund the expansion of Du Vaal school.

The bank also approved XAF80 billion for the construction of a new passenger terminal at the international airport of Bata, in Equatorial Guinea. Another XAF2.5 billion will finance the creation of an agro-pastoral facility while XAF1.100 billion will serve for the construction of a cement unit in the same city.

In Gabon, Bdeac gives XAF45 billion for the construction of 1,000 housing in Okolassi; a project initiated by the national social security fund. The Congolese state received XAF12 billion to strengthen the University Hospital Centre of Brazzaville and another XAF6 billion to partly fund the implementation of a pharmaceutical products’ manufacturing and packaging unit in Ollombo.

S.A

kribi-to-soon-host-two-plantain-production-and-fish-farming-clusters
In the framework of its far belt project in Kribi, the host town of a deep seaport, agroforestry cooperative Coop CA AIO is currently planning to create...
cameroon-pm-joseph-ngute-instructs-the-allocation-of-a-specific-percentage-of-public-construction-contracts-to-matgenie
Since September 22, 2021, employees of the National Civil Engineering Equipment Depot (MATGENIE) have been, once again, protesting to request the payment...
douala-bangui-ndjamena-corridor-cameroon-introduces-single-transit-permit-to-save-time-and-reduce-hassles
Cameroon recently introduced the single transit permit for trips along the Douala-Bangui and Douala-Ndjamena corridors. This digital permit issued by...
foreign-trade-togo-became-cameroon-s-leading-african-supplier-of-petroleum-products-in-2020-ins
In 2020, Togo became Cameroon’s leading African supplier and the 7th worldwide, according to figures published by the National Institute for Statistics...

Mags frontpage


Business in Cameroon n103: September 2021

Cameroon: The other cocoa land


The rise of private equity


Investir au Cameroun n113: septembre 2021

Le Cameroun, l’autre pays du cacao


L’émergence du private equity camerounais