News & Events

23/12/2011 - The African Development Bank (AfDB), and other development finance institutions including the International Finance Corporation (IFC), the Netherlands Development Finance Company (FMO), the Development Bank of Central Africa (BDEAC), Proparco, and a syndication of local banks led by Standard Chartered Bank signed on 22 December a loan agreement to provide a EUR 198 million to the Kribi Power Development Company (KPDC). KPDC is a subsidiary of the AES Corporation, an American global power company which provides affordable, sustainable energy to 27 countries worldwide, in partnership with the Government of Cameroon, which owns 44% of KPDC.

Categories: Cameroon, Private Sector Development, Energy & Power

23/11/2011 - At its 41st Council Meeting held in Washington, D.C. on 9 and10 November 2011, the Global Environment Facility (GEF) approved a grant of USD 20.5 million for the Lake Chad Basin Regional Program for the Conservation and Sustainable Use of Natural Resources and Energy Efficiency.

Categories: Central African Republic, Nigeria, Cameroon, Chad, Niger, Climate Change, Global Environment Facility (GEF), Energy & Power, Climate Investment Funds (CIF)

11/11/2011 - The Board of Directors of the African Development Bank (AfDB) Group today approved a USD 71.1- million loan from African Development Fund’s resources to finance the Lom-Pangar Hydroelectric project in Cameroon. The project estimated to cost USD 419.2 million is jointly financed by five donors including the World Bank, the European Investment Bank, the Development Bank of Central African States and the French Development Agency.

Categories: Cameroon, Energy & Power

15/07/2011 - The Board of Directors of the African Development Bank (AfDB) has approved a loan of Euro 45 million towards the construction of a gas-fired power plant in Cameroon to help meet the country’s fast-growing demand for energy.

Categories: Cameroon, Energy & Power

19/05/2011 - The African Development Bank (AfDB) Group, the Interntional Finance Corporation (IFC)-a member of the World Bank Group), and the Netherlands Development Finance Company (FMO), are investing €66 million in the Dibamba Power Development Company to help it build an 86-megawatt powerplant that will ensure reliable electricity supply and improve energy security in Cameroon.

Categories: Cameroon, Energy & Power, Private Sector Development

28/04/2011 - The Board of Directors of the African Development Bank (AfDB) today approved its 2011-2015 Regional Strategy for Central Africa. The strategy is designed to reduce poverty through infrastructure development as well as institutional and human capacity building.

Categories: Cameroon, Central African Republic, Chad, Democratic Republic of Congo, Congo, Equatorial Guinea, Gabon, São Tomé & Príncipe, Angola, Burundi, Regional Integration

19/11/2010 - Par son appui et sa participation active au 3e forum des leaders des médias en Afrique, la Banque africaine de développement (BAD) montre qu’elle soutient les entreprises de presse capables de porter le poids de leurs ambitions.

Categories: Cameroon, Information & Communication Technology

16/09/2010 - The Board of Directors of the African Development Fund (ADF), the concessional arm of the African Development Bank (AfDB) Group, approved UA* 31.64 million (equivalent to USD 47.70 million) for the strengthening and extension of electricity networks to 423 localities in Cameroon.

Categories: Cameroon, Energy & Power

01/07/2010 - The AfDB and Cameroon on June 29, 2010, in Tunis signed an UA 10 million ADF loan agreement and a UA 5 million grant agreement. The grant resources will come from the Rural Water Supply and Sanitation Initiative (RWSSI). The loan and grant will help in the implementation of projects in four regions in the country – North West, West, South West and South.

Categories: Cameroon, Water Supply & Sanitation