The African Export-Import Bank (Afreximbank) has signed a EUR 200 million financing facility to support the Government of Cameroon in implementing its National Development Strategy. The agreement was signed by Dr. George Elombi, Executive Vice-President of Governance, Legal, and Corporate Services on behalf of Afreximbank, and Louis Paul Motaze, the Minister of Finance, on behalf of the government of Cameroon.
The financing facility will be utilized by the Government of Cameroon to implement trade-enabling infrastructure projects approved in the country’s financing plan as part of its national development strategy. Dr. Elombi highlighted that this facility reflects Afreximbank’s commitment to transforming African economies by supporting trade development and enabling the Republic of Cameroon to invest in strategic infrastructure for economic and social development.
He expressed confidence that the financing would have a regional impact, given Cameroon’s role as an economic leader in the Central African Monetary and Economic Union. This agreement marks a significant milestone in the relationship between Afreximbank and the Government of Cameroon and is the largest financing facility provided by the bank to support Cameroon’s economic development.
