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IDB to inject $750m to support Cameroon’s key sectors Cameroon- IDB -Cooperation April 13, 2021 to 18:23 94 APA-Douala (Cameroon) The Islamic Development Bank, under a three-year agreement, wants to support key sectors of the Cameroonian economy through integrated financing. The document between the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IDB) and the Republic of Cameroon was initialed yesterday Monday at a virtual ceremony between Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development (Governor of the IDB) and the Director General of ITFC, Hani Salem Sonbol.
With the US$750 million Framework Agreement, ITFC intends to make available to Cameroon an envelope of US$250 million per year over a three-year period. ....
Rural Electrification & Energy Access in Underserved Areas of Cameroon Rural Electrification & Energy Access in Underserved Areas of Cameroon Modified date: Approximately 700 localities without electricity in six of the ten regions of Cameroon will soon be electrified owing to the Rural Electrification and Energy Access Project in Underserved Areas of Cameroon (Perace). The announcement was made by the Secretary-General of the Ministry of Water and Energy, Adolphe Ndjouke Thome, during the 4th session of the steering committee of the open Perace in Yaounde. The targeted localities Among the targeted localities, 315 are in the Far North, 200 in the North, 70 in Adamaoua, 30 in the East, 49 in the North-West, and 30 in the South-West. That is to say coverage of more than 2.7 million inhabitants which equals roughly to 370,000 households. ....