Cameroon gets $51 Million Loan from Development Bank, Opec Fund

The Development Bank of Central African States and the Opec Fund for International Development will lend Cameroon 25 billion CFA francs ($51 million) for a hydroelectric project and a road, the government said.

Of the amount, 20 billion francs will be allocated to the Lom Pangar Hydroelectric Project in the east of the country and 5 billion francs will be used to build a section of road between Sangmelima and Djoum in the south, according to statements published on the presidential website of the central African country today.

To contact the reporter on this story: Pius Lukong in Yaounde at plukong@bloomberg.net

To contact the editor responsible for this story: Hilton Shone at hshone@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.