Cameroon: Star Building - Energy Supply, Jobs Assistance Promised

Prime Minister Joseph Dion Ngute last Friday had discussions with the visiting Vice President of the International Finance Corporation for the Middle East and Africa, Sérgio Pimenta.

The International Finance Corporation (IFC), a member of the World Bank Group is ready to increase support to projects in Cameroon in areas related to the creation of jobs and electricity power supply, especially the Nachtigal Hydro-power Project. The Vice President of the International Finance Corporation for the Middle East and Africa, Sérgio Pimenta made the declaration on July 12, 2019 after talks with Cameroon's Prime Minister, Head of Government, Chief Dr Joseph Dion Ngute. IFC that has an office in Cameroon's economic capital, Douala, offers investment, advisory and asset-management services to encourage private-sector development in less developed countries. In a press interview, Sergio Pimenta said the IFC has been very active in Cameroon supporting particularly the energy sector, financing and leading the mobilisation for the Nachtigal Hydroelectric dam project. He disclosed that upon completion, the project will add 30 per cent to the capacity of energy supply in Cameroon. "We have also been very active working with financial institutions such as banks to support small and medium-sized companies and entrepreneurs." He used the audience with the Prime Minister to discuss other projects IFC could be supporting or increase, "Particularly everything that is related to the creation of jobs," Sérgio Pimenta said. The Prime Minister, he said, expressed the view that the country needs more jobs for youths and women. "The IFC is in the position to help, working with companies here to create opportunities that will lead to jobs for the population, "he said. The IFC delegation was accompanied to the Prime Minister's Office by the Minister of the Economy, Planning and Regional Development, Alamine Ousmane Mey among others.

See What Everyone is Watching

More From: Cameroon Tribune

Don't Miss

AllAfrica publishes around 600 reports a day from more than 150 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.