“The OPEC Fund for Development in Africa (OFID) recently approved $13 million in funding, amounting to CFAF 8.45 billion for the electrification of 21 localities in the regions of ‘Adamawa, the North, the Littoral and the South‘. This is the announcement made on 30 March in Yaoundé by Ousmane Nou, chairman of the Steering Committee for the Rural Electrification Phase II project, financed by the IDB (Islamic Development Bank), Badea (Arab Bank for Development Economic development in Africa) and Ofid.
Ousmane Nou, who chaired the first session of the Steering Committee, said that this phase II of the rural electrification project targeted 102 localities for a total cost of 28.1 million euros, or about 18.34 billion FCFA. IDB financing is 18.6 million euros, or 12.2 billion FCFA.
The financing of Badea covers the electrification of 50 localities in the three northern regions (Adamaoua, North and Far North) for a total of CFAF 6.31 billion.
The contribution of the State of Cameroon is 1.352 billion FCFA. This made Ousmane Nou say that “cooperation between the State of Cameroon and the donors of the Islamic world, in particular for improving the living conditions of periurban and rural populations, remains salutary and only needs to be Perpetuated “.
Phase II of this project comes as a result of the successful implementation of the first, launched six years ago, involving only 33 localities. 3935 households had been connected to the electricity grid in the Central, North and Northwest regions.