While awaiting the World Bank’s decision, the AfDB takes the lead in the Chad-Cameroon interconnection project (€400m)
The Cameroonian government will sign a €225m financing agreement with the Abidjan-based organisation. The World Bank is considering another contribution of around €300m to connect Cameroon’s hydroelectric capacity to poorly equipped Chad.
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▪ While awaiting the World Bank’s decision, the AfDB takes the lead in the Chad-Cameroon interconnection project (€400m)
▪ The Cameroonian government will sign a €225m financing agreement with the Abidjan-based organisation. The World Bank is considering another contribution of around €300m to connect Cameroon’s hydroelectric capacity to poorly equipped Chad.
▪ https://www.africabusinessplus.com/en/804018/en-attendant-la-banque-mondiale-la-bad-mene-le-projet-dinterconnexion-tchad-cameroun-400-millions-e/
President Paul Biya has signed off on two decrees that enable the Minister for the Economy, Alamine Ousmane Mey, to ratify financing agreements with the African Development Bank (AfDB) for up to €217.9m per loan, and €7.2m per loan from the African Development Fund.
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