Cameroon: Rehabilitating Lake Chad - Cameroon Secures Fcfa 9 Billion

The climate change phenomenon and terrorist insurgency around Lake Chad resulting in land degradation have pushed the Lake Chad Basin Commission to widen its scope of sourcing for funding to address the nerve-racking situation, affecting 15.3 million people. Countries of the Lake Chad Basin Commission (Cameroon, the Central African Republic, Chad, Niger and Nigeria) have embarked on a five-year investment programme to Rehabilitate and Reinforce the Socio-ecological Resilience System of the LCBC dubbed PRESIBALT, evaluated at FCFA 53.795 billion.

Cameroon's contribution was secured with a loan from the African Development Bank Thursday, July 2, 2015. The Minister of the Economy, Planning and Regional Development, MINEPAT, Emmanuel Nganou Djoumessi and the Country Representative of the African Development Bank, ADfB, Racine Kane on the one hand and the MINEPAT boss and the Executive Secretary of the LCBC, Sanusi Imran Abdullahi, on the other, affixed signatures on the FCFA 9.650 billion agreement.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.