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Investment: Cameroon disbursed 46% of its financing to the AfDB

24/10/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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The Minister of the Economy, Alamine Ousmane Mey, revealed on October 17, 2024, during the ceremony marking the celebration of the 60th anniversary of this pan-African financial institution, that Cameroon has already disbursed. 46% of the total funding received from the African Development Bank (AfDB).

Alamine Ousmane Mey indicated during his speech that Cameroon-BAD cooperation currently results in a portfolio of 26 projects, totaling 2.5 billion US dollars (about 1.5 billion CFA francs), with a disbursement rate of 46%. According to him, “infrastructure, transport, energy and agricultural projects dominate the financing mobilized, representing 58.6%, 21.2% and 10.8% of the total respectively”. According to information, the AfDB has participated in the provision of financial resources for the implementation of more than 6,500 development projects on the African continent, we officially learn

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