Cameroon: IFC will increase financial support to SMEs in the agriculture and agro-industry segment

IFC-world-bank-groupThe International Finance Corporation (IFC) will increase its financial support to Cameroon's SMEs and small and medium-sized industries operating in the agricultural and agri-food sectors.

This was revealed Sergio Pimenta, Vice-President of the IFC for the Middle East and Africa, on 12 July 2019, at the end of a meeting with the Minister of the Economy Alamine Ousmane Mey.

The company is also looking at the telecommunications sectors and planning more investments in the energy sectors.

IFC has already invested in the construction of the Nachtigal Dam (420 MW), which will increase the country's power generation capacity by 30%. To date, IFC's project portfolio in Cameroon is estimated at just over XAF 156 billion or about USD 268 million.

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