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Home News US$352 million loan for Cameroon road

US$352 million loan for Cameroon road

A US$352 million loan will help pay for a Cameroon road project

by Mike Woof
January 15, 2025
in News
Reading Time: 1 min read
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New road works to a key stretch will improve transport for Cameroon – image courtesy of © Ammonitefoto| Dreamstime.com

New road works to a key stretch will improve transport for Cameroon – image courtesy of © Ammonitefoto| Dreamstime.com

A loan worth US$352 million will pay for upgrade and maintenance work for a key stretch of road in Cameroon. The loan is being provided by The African Development Bank (AfDB).

Improving the Ngaoundéré-Garoua road is a key project as this stretch of road is part of Cameroon’s important Douala-Ndjamena corridor. The AfDB is providing $230 million. The African Development Fund (ADF) is providing a loan of $8.85 million.

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