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Cameroon Secures €38.1 Million AFREXIMBANK Loan for Rural Solar Electrification

President Paul Biya. © Stephane Lemouton/ABACAPRESS.COM / Alamy Stock Photo

Amindeh Blaise Atabong

Amindeh Blaise Atabong is a financial journalist with a track record of high-impact reporting.
  • 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.

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