Search

Cameroon Secures €38.1 Million AFREXIMBANK Loan for Rural Solar Electrification

President Paul Biya. © Stephane Lemouton/ABACAPRESS.COM / Alamy Stock Photo
  • Funding to expand solar power to 200 rural localities across Cameroon
  • Project aims to connect over 30,000 households but highlights broader energy gaps

Yaoundé, Cameroon – President Paul Biya has authorised Cameroon’s economy minister to secure a €38.1 million (approximately 24.86 billion francs CFA) loan from the African Export-Import Bank (AFREXIMBANK) to finance a rural solar electrification initiative.

Recent Business

Lagos, Nigeria. © Unsplash
Nigeria capital inflows jump to $6.01bn as portfolio money dominates
Read More »
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
South Africa’s gold sales surge 270% despite stagnant output
Read More »
Commercial area in Danfo in Lagos, Nigeria. Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 15.10% as naira strengthens, fuel prices fall
Read More »

Recent Politics

Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Kenya’s ODM in turmoil: Sifuna ouster exposes rift over Ruto alliance
Read More »
Burundi’s President Évariste Ndayishimiye. Photo: Présidence - République du Burundi/Facebook
African Union elects Burundi’s Ndayishimiye as 2026 chair
Read More »
Herdsmen in Ethiopia. Photo by Hanna Grace @ Unsplash
Ethiopia accuses Eritrea of territorial occupation, demands troop withdrawal
Read More »

Latest Posts

Latest news insights