PoliticsInstitutional, Politics




ADF approves loan to co-fund Logone bridge

The African Development Fund (ADF) has approved a F CFA 7.7 billion loan to Cameroon for the partial financing of…

The African Development Fund (ADF) has approved a F CFA 7.7 billion loan to Cameroon for the partial financing of a project to build a bridge over the Logone River between the cities of Yagoua in Cameroon and Bongor in Chad, APA said Friday.

According to the APA source, Cameroon’s Head of State Paul Biya, signed a decree empowering the Minister of Economy, Planning and Spatial Planning (MINEPAT) to sign with the ADF the loan agreement.

The project aimed at improving the movement of people and goods between Chad and Cameroon, through the bridge over the Logone River, to the tune of CFAF 92 billion.

In addition to the ADF (a branch of the African Development Bank), the European Union (EU) and French Development Agency (AFD) are co-financing the project.

Follow the live information on our channel