logoBC
Yaoundé - 21 June 2021 -
Public management

Saudi Arabia and Kuwait to invest XAF13.7 bln for the construction of a modern hospital in Mbalmayo

Saudi Arabia and Kuwait to invest XAF13.7 bln for the construction of a modern hospital in Mbalmayo
  • Comments   -   Wednesday, 02 June 2021 15:03

(Business in Cameroon) - Paul Biya, President of the Republic of Cameroon, recently signed two decrees allowing the Minister of Economy, Alamine Ousmane Mey, to sign two funding agreements worth XAF13.7 billion with Kuwaiti and Saudi financial institutions. The funds will help build and equip the District Hospital Mbalmayo Annex.

The first agreement worth XAF6.659 billion will be signed with the Saudi Fund for Development (SFD) while the second, worth XAF6.423 billion, will be signed with the Kuwait Fund for Arab and Economic Development ( KFAED), the presidential decrees issued on June 1, 2021, inform.

The construction of the modern hospital will boost the health offer in the country and provide secondary towns with high-standing health facilities. Indeed, for years now, the best hospitals were only in regional capitals.

BRM

cameroon-recorded-a-61-8-drop-in-its-air-passenger-traffic-in-2020-due-to-covid-19-ccaa
In 2020, passenger traffic dropped by 61.8% year on year in Cameroon, according to figures from the Cameroon Civil Aviation Authority (CCAA). In the...
national-social-insurance-fund-cnps-has-xaf325-bln-of-cash-according-to-ceo-mekulu-mvondo
As of December 31, 2020, the National Social Insurance Fund CNPS had XAF325 billion of cash in its treasury. This was revealed by Alain Olivier Noël...
vog-raises-over-xaf4-bln-for-the-development-of-the-matanda-block
British oil firm Victoria Oil & Gas (VOG), the parent company of Gaz du Cameroun (GDC), announces that it recently raised $7.5 million...
cameroon-the-low-number-of-new-civil-servants-to-be-recruited-this-year-is-due-to-the-socio-economic-environment-minfopra-le-says
On June 11, 2021, Minister of Public Services (MINFOPRA) Joseph Lé (photo), signed 28 decisions launching the recruitment of new staff into the civil...

Mags frontpage


Business in Cameroon n100: May 2021

These Cameroonian startups raise billions


Agro-industry and land rights


Investir au Cameroun n110: Mai 2021

Ces start-ups camerounaises qui lèvent des milliards


Agro-industrie et droits fonciers