Following satisfactory performance of projects:

ADB to invest another 1.5bn US Dollars in Cameroon in 2018

By Doh Bertrand Nua in Kumba

Officials of the African Development Bank

Officials of the African Development Bank, ADB have brainstormed on the Pan-African Bank’s investment projects in Cameroon. This was during the 41st annual evaluation meeting of ADB projects in which they disclosed that Cameroon will benefit more investment and financing for projects next year at the tune of more than 1.5 billion dollar, more than FCFA 800 billion.

                The information was revealed by the Resident Representative of ADB, Racine Kane during their two day meeting from August 10-11 held in Kumba to brainstorm on ways forward for projects sponsored in the country and Southwest Region in particular.

                The 41st quarterly meeting was chaired by Meme Senior Divisional Officer, SDO, ChamberlainNtou’ouNdong. According to the Resident Representative of ADB in Cameroon, Racine Kane, it is an opportunity to share experiences, examine and evaluate the execution of all projects engaged in the country. He noted that with such colossal sum to be invested in Cameroon they will meet up the objectives of the country.

                The Resident Representative noted that most of the projects are concentrated in the Northwest and Southwest Regions of the country, which they hope to link the two regions through road infrastructures.

                ‘Our main interest in Cameroon is infrastructure especially in the transport sector. More 60% of our portfolio is related to transport then worth sanitation projects as well as agricultural projects’, he noted.

He assured the population that ADB will continue to invest in Cameroon in order to promote governance, to reinforce kits in capacity building particularly at the public finance sectors.

                The Representative further revealed that delay among others has greatly affected the execution of projects in the country.

‘The problem of delay in receiving and sending documents to ADB and procuresment sites and ways to reinforce their projects’, he disclosed.

                He however noted that so far, they are trying to improve on the quality of their services here in Cameroon since their problem is not the resources but the execution of projects. As such with the assistance of MINEPAT they are going to ameliorate the performance of their portfolio.

                On his part the SDO for Meme Division, Chamberlain Ntou’ouNdong thanked the African Development Bank for the projects carried out in the country so far especially in the domain of road infrastructure and the provision of basic amenities.

                The administrator said the construction of the Kumba-Mamfe road and the Bamenda-Mamfe-EkoK-Enugu road will not only link the Northwest and Southwest Regions but the country and the world at large.

Kumba-Mamfe Road to be completed in less than a Year

                The Resident representative of ADB in Cameroon also disclosed that the ongoing Kumba-Mamfe road project will be completed in less than a year.

He said the Kumba-Mamfe road project is one of ADB’s major projects in the country.