Business in Central Africa - Cameroon - The World Bank approved on 19 July, investment financing of 794.5 million (approximately FCFA 447,170 million) for the Nachtigal hydroelectric project (420 MW) in Cameroon.
This investment in clean energy, according to Elisabeth Huybens, the World Bank's director of operations for Cameroon, is essential to reduce the cost of electricity and ensure the competitiveness of Cameroon's economy.
" The Nachtigal project, one of the very rare public-private partnerships (PPPs) that have emerged in the hydropower sector in sub-Saharan Africa, will accelerate the achievement of Cameroon's development goals, including poverty reduction. "
In a note published on 19 July, the financial institution, the financier of the hydroelectric project, explains:
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