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The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of EUR 74.25 million to Cameroon in Abidjan to implement the first phase of the Electricity Sector Recovery Support Programme (PARSEC). The programme will support the Cameroonian government to implement the reforms necessary in the energy sector in 2024 and 2025 so that, in the long term, the country can produce enough electricity to cover its national requirements of 5,000 megawatts and build a reserve to export energy to neighbouring countries, particularly Chad.

AfDB Chief Economist urges Nordic and Irish entrepreneurs to make Africa their investment destination

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The African Development Bank Group’s (www.AfDB.org) Chief Economist, Prof Kevin Chika Urama, has urged entrepreneurs in Nordic countries and Ireland to make Africa their business and investment destination. Prof Urama, on an official visit to Denmark, Finland, Ireland, Norway and Sweden between 25-29 September, said Africa’s population boom – projected to make it the world’s…

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