Foreign News

Cameroon secures €330m to revamp Douala-N’Djamena route

Cameroon has received two significant loans totalling €330.48 million from the African Development Bank Group (AfDB) to revitalise the Douala-N’Djamena corridor, a crucial economic link connecting Cameroon and Chad. The funds, approved on December 13, will support the fourth phase of the Transport Sector Support Programme (PAST 4), targeting the deteriorated Ngaoundéré-Garoua section.

The AfDB contributed €318.24 million, with an additional €12.24 million from its concessional African Development Fund. This initiative is expected to bring economic growth, enhance infrastructure, and strengthen cross-border trade between the two nations.

According to Serge N’Guessan, AfDB’s Director General for Central Africa, the corridor plays a vital role in Cameroon’s economy, accounting for 35 percent of the nation’s GDP and serving over 20 percent of Chad’s population. ‘Renovating the Ngaoundéré-Garoua section will improve road network performance, attract private investment, and facilitate cross-border trade,’ N’Guessan said.

An integrated development vision

PAST 4 adopts a comprehensive approach, addressing infrastructure gaps and integrating climate resilience, youth empowerment, and gender equality. The project aims to bolster agro-industrial development in northern Cameroon while supporting industries in agriculture, livestock, and logistics.

The programme’s direct area of influence spans five districts across Adamaoua and Nord regions, home to 5.68 million people, half of whom are under 20. Women make up 51 percent of the population, underscoring the initiative’s focus on inclusivity.

By upgrading this vital economic corridor, Cameroon and Chad stand to benefit from enhanced trade, increased private sector activity, and a more connected regional economy.

FOR ADVERT AND NEWS PUBLICATION, EMAIL US @ tarakirivoicenewspaper@gmail.com or call or WhatsApp us on 08160439769

Show More

Tarakiri Voice

Nigeria’s number one news portal. tarakirivoice.com.ng reaches over 70million Nigerians, delivering extensive breaking news and national interest stories. Our readers want to get to the point of the stories that really matter, so we bring this to them with timely news updates around the clock. Tarakiri voice Newspaper is a daily Nigerian online Newspaper, founded by PASSMAN AKPOS in 2020. Is one of the Newspaper that tells the story as it happened without fear or favour. It has no political coloration through it reportage. its bends on affecting human life and the environment positively, having in the background the African concept, portraying her in a good light to the rest of the world. Its determine to investigate news thoroughly as its happened. Is a 21st century news media that tells that African story in a green light

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
WP Twitter Auto Publish Powered By : XYZScripts.com
Verified by MonsterInsights