Browsing: Cameroon

African Development Bank approves €88m to Cameroon

Countries

The Board of Directors of the African Development Bank board of directors approved €88 million in loans to Cameroon to finance COVID-19 crisis response. 

The loan to Cameroon’s COVID-19 Crisis Response Budget Support Programme (PABRC) is under the bank’s COVID-19 Rapid Response Facility (CRF) of up to $10 billion which is meant to cushion the impact of the pandemic on health and economy of African Countries. 

For instance, the pandemic has shown the structural weakness of Cameroon’s health system and economy and mostly the limited human and financial resources allocated to the health sector. 

Also Read: AfDB president woos UK investors to take advantage of AfCFTA

The COVID-19 Crisis Response Budget Support Programme (PABRC) aims at checking the spread of the virus, save lives and control the impact on the socio-economy of the country. 

The programme will ensure the reduction of case fatality and improving the …

African Development Bank $121.4M boost Cameroon’s power supply

Energy

Three projects financed by the African Development Bank (AfDB) for US$121.4 million in 2010-2011 are starting to provide Cameroon with more reliable electricity supply, the bank said.

Although Cameroon has suffered power supply for years, it has the second-largest hydroelectric potential in Africa and the 18th worldwide with an estimated 23,000 MW hydroelectric production capacity.

In a statement given on Thursday, AfDB said the Lom Pangar storage reservoir project was complete, although the dam’s generating plant was still under construction. Two other power plants, Kribi and Dibamba, had begun working to strengthen the country’s generating capacity.

In November 2011, The African development bank awarded $62.9 million for the construction of Lom Pangar in the country’s eastern region and a 30 MW hydroelectric generating plant still under construction at the base of the dam. Lom Pangar will provide electricity to 150 locations and significantly reduce power cuts.

Also Read: Arabian and

…