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African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Fund provides nearly $18 million for efforts to stabilise the Lake Chad Basin

Bank Group financing will be complemented by additional support of almost $20 million mobilised by UNDP

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved on 5 November a package of $17.97 million to Cameroon and Chad to bolster efforts to stabilise the Lake Chad Basin, a region long plagued by insecurity as well as deeply affected by climate change. The funding, comprising…

African Development Bank Group (AfDB)

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    • The Bank played a key role in linking Cameroon and Nigeria through the Bamenda-Enugu road construction project
    • The building of the Cross River bridge, opened in October 2022
    • Marie-Laure Akin-Olugbade, the African Development Bank’s Vice-President for the Regional Development, Integration and Business Delivery Complex, meets with Joseph Dion Ngute, Prime Minister of Cameroon
    • Marie-Laure Akin-Olugbade, the African Development Bank’s Vice-President for the Regional Development, Integration and Business Delivery Complex, met Alamine Ousmane Mey, Cameroon’s Minister of Economy, Planning and Regional Development
    • Louis-Paul Motaze, Finance Minister
    • Meeting with Cameroon's principal technical and financial partners
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Source: African Development Bank Group (AfDB) |

Cameroon: The African Development Bank, a leading infrastructure partner

“The Bank's operations have changed the face of the region” – Cameroonian minister

In an era of transformative development, the African Development Bank Group (www.AfDB.org) stands as a beacon of progress in Central Africa, particularly in Cameroon, where the institution has earmarked more than 50 percent of its portfolio for funding transport infrastructure. The Bank spearheaded crucial projects such as the Ketta-Djoum Road,…

African Development Bank Group (AfDB)

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    • Former interns praised the Bank’s programme, which has opened up employment opportunities for them
    • Serge N’Guessan, Director General of the Bank Group for Central Africa and head of the Bank’s Country Office in Cameroon, and Marie-Laure Akin-Olugbade, the Bank Group’s Vice-President for Regional Development, Integration and Business Delivery, at a meeting with female entrepreneurs and young interns in Cameroon
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Source: African Development Bank Group (AfDB) |

African Development Bank projects improve job opportunities for young people in Cameroon

The meeting saw significant participation from female entrepreneurs and young graduates who have benefited from work placements in projects financed by the Bank

The African Development Bank (AfDB) (www.AfDB.org) has underscored the success of its program aimed at bolstering job opportunities for young people in Cameroon. At a meeting convened in Yaoundé on April 9, 2024, chaired by Marie-Laure Akin-Olugbade, the Bank Group’s Vice-President for Regional Development, Integration, and Business Delivery, stakeholders across…

African Development Bank Group (AfDB)

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    • The newly inaugurated ultra-modern Central Regional office complex of the Bank Group
    • Inauguration of the regional office of the African Development Bank Group in Yaoundé, symbolizing a new chapter in regional development
    • African Development Bank Group Vice President in charge of Regional Development, Regional Integration and Service Delivery, Marie-Laure Akin-Olugbade; the General Manager of the Bank's regional office for Central Africa, Serge N'Guessan; Cameroon's Prime Minister Joseph Dion Ngute; and the Minister of Economy, Planning, and Territorial Administration, Alassane Alamine Mey, at the ribbon-cutting ceremony of the Bank Group's new Central Africa office in Yaoundé
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Source: African Development Bank Group (AfDB) |

Cameroon: African Development Bank bolsters Central Africa presence with inauguration of new regional office in Yaoundé

Situated in the Golf district, the six-storey regional office building is equipped with 130 workstations, several meeting rooms, and a clinic

In a move that reaffirms its commitment to Central Africa’s development course, the African Development Bank (AfDB) (www.AfDB.org) has inaugurated an ultramodern regional office building in Yaoundé, Cameroon. Joseph Dion Ngute, Prime Minister of Cameroon, and Marie-Laure Akin-Olugbade, the Bank Group's Vice-President for the Regional Development, Integration and Business Delivery…

African Development Bank Group (AfDB)

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    • This contribution from the African Development Bank is crucial for improving the electricity sector in Cameroon and allowing it to be more productive and competitive
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Source: African Development Bank Group (AfDB) |

Cameroon: African Development Bank grants a loan of EUR 74 million for electricity sector reforms to facilitate universal access to power

The Bank’s support will build human resource capacity so that Cameroon has a critical mass of qualified personnel to work throughout the electricity sector value chain

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of EUR 74.25 million to Cameroon in Abidjan on 14 December 2023 to implement the first phase of the Electricity Sector Recovery Support Programme (PARSEC). The programme will support the Cameroonian government to implement the reforms…

African Development Bank Group (AfDB)

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    • The Bank's financing will enable us to equip people with skills to meet industry needs and spur economic growth in Cameroon
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Source: African Development Bank Group (AfDB) |

Cameroon: African Development Bank provides €63 million loan to improve entrepreneurship and industrial skills

The Bank’s funding is motivated by the need to support Cameroon's strategic efforts to reduce the shortage of skilled labor in priority sectors

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €63.09 million loan to Cameroon to promote entrepreneurship and improve skills to match industry needs. Multinational partners, the private sector and the Cameroonian government will contribute approximately €2 million to the project cost, estimated at €64.93…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Cameroon: The Bank trains its Regional Member Countries on applying the Fragility Lens

The training was led by Bank staff from several departments with support from the Bank’s Central Africa Regional Development and Business Delivery Office

The African Development Bank’s (http://www.AfDB.org) Transition States Coordination Office organized a training workshop in Yaoundé to strengthen the capacity of Regional Member Countries and Regional Economic Communities on the Strategic and Operational Application of the Fragility Lens.   The training was led by Bank staff from several departments with support…

African Development Bank Group (AfDB)

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    • A discussion session between the African Development Bank delegation and Cameroonian women entrepreneurs
    • An African Development Bank delegation holding talks with heads of Cameroonian women's associations on the premises of financial institution, PRO-PME Financement S.A.
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Source: African Development Bank Group (AfDB) |

Cameroon: The African Development Bank Engages in Dialogue with Cameroonian Financial Institutions to Bolster Women Entrepreneurs’ access to finance

Professional associations and the financial institutions that partner with them under the Bank's Affirmative Finance Action for Women in Africa" initiative also took part

The African Development Bank's (www.AfDB.org) Director General for Central Africa, Serge N'Guessan, led a delegation for a series of talks with stakeholders in the Cameroonian private sector, including women entrepreneurs, between 24 and 30 September 2022 in Douala. Professional associations and the financial institutions that partner with them under the…

African Development Bank Group (AfDB)

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    • African Development Bank Director General for Central Africa, Serge N'Guessan (left), and Cameroon's Minister of the Economy, Planning and Regional Development, Alamine Ousman Mey, shake hands at the loan signing ceremony
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Source: African Development Bank Group (AfDB) |

Cameroon: New African Development Bank Funds to Develop the Port Sector and Sustainable Urban Sanitation

The African Development Bank's Director General for Central Africa, Serge N'Guessan, and Alamine Ousman Mey, Cameroon's Minister of the Economy, Planning and Regional Development signed the loan agreements for both projects

The African Development Bank Group (www.AfDB.org) has provided new funding for two ongoing major projects in Cameroon: the Develop Access Roads to the Industrial and Port Area of Kribi Project (PARZIK) (https://bit.ly/3E0Ijex) and the Yaoundé City Sustainable Enhanced Drainage and Sanitation Project (PCADY) (https://bit.ly/3E0Is1z). The African Development Bank's Director General…

African Development Bank Group (AfDB)

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    • Cameroonian Minister Gabriel MBairobe (right) and General Manager Léandre Djummo, (left) at the signing of the partnership agreement to set up the Agricultural Sector Development Fund
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Source: African Development Bank Group (AfDB) |

Cameroon: The African Development Bank and the government support a financing agreement to develop agricultural value chains

The Agricultural Value Chain Development Project will endow the Fund with €13.12 million, in addition to a partial credit guarantee of €4.58 million euros for risk sharing with commercial banks

Cameroon’s Minister of Agriculture and Rural Development Gabriel Mbairobe and the General Manager of the Commercial Bank of Cameroon, Léandre Djummo, have signed, on September 8, 2022, in Yaoundé, an agreement for the establishment of an Agricultural Sector Development Fund. The African Development Bank’s (www.AfDB.org) Director General for Central Africa, Serge N'Guessan,…