logoBC
Yaoundé - 05 October 2022 -
Public management

Cameroon: AfDB approved CFA15.8bn for flood control in downtown Yaoundé

Cameroon: AfDB approved CFA15.8bn for flood control in downtown Yaoundé
  • Comments   -   Thursday, 22 September 2022 10:28

(Business in Cameroon) - The Cameroonian Minister of Economy, Alamine Ousmane Mey, signed two financing agreements last September 20 with the Central Africa Director General of the African Development Bank (AfDB), Serge Nguessan.

One of the deals, worth CFA15.8 billion, focuses on the Yaoundé City Sustainable Enhanced Drainage and Sanitation Project (PCADY), which is designed to combat flooding in the city center of the capital. Specifically, we learned, the money will be used to fund solid waste management and the construction of a flood control basin that will reduce the level of water in the Mfoundi River bed during floods.

Pcady is the third flood control project implemented in Yaoundé in collaboration with the AfDB. The first two phases have produced satisfying results but the flooding issue remains.

BRM

cameroon-exports-improved-by-5-4-yoy-in-q1-2022
The total export volume from Cameroon to the international market grew by 5.4% year-on-year between January and March 2022. The national stats agency...
imported-food-inflation-hovered-around-20-in-yaounde-in-august-2022
Inflation reached 7.4% in Yaoundé, Cameroon’s capital, in August this year, a recent INS report revealed. This rate was driven mainly by imported food...
cameroon-edf-counts-on-the-world-bank-to-finance-the-kikot-dam
Électricité de France (EDF), the company piloting the Kikot dam project on the Sanaga River, is counting on the World Bank to raise the financial...
cameroon-banking-and-communication-activities-supported-service-sector-improvement-in-q1-2022
The service sector in Cameroon performed well during the first three months of 2022, according to the National Institute of Statistics (INS). The...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »