Cameroon has just mobilized financing of 100 billion FCFA (176 million dollars) from a banking pool. This fund will be used for the development of road works in the city of Douala, in this case, the development work of the eastern exit on the Douala-Yaoundé axis, which has been stopped for a year.

The development of road works in the city of Douala should resume before the end of the year following the mobilization of financing of 100 billion FCFA (176 million dollars) from a banking pool. This sequenced financing is largely based on the decision of the President of the Republic Paul Biya ratifying the loan agreement for an amount of 88.9 billion FCFA, concluded last August between Cameroon and the British group Standard Chartered Bank and Achmea Bank of the Netherlands, but insured by UK Export Finance (Ukef) for the financing of the said project. The other part of the envelope comes from a loan of 10.1 billion FCFA granted by the Société Commerciale de Banque Cameroun (SCB), a subsidiary of the Moroccan group Attijariwafa bank.