Société générale and Eximbank USA lend 36 billion FCFA for water supply

On March 18, 2015, the French and American banks, Société générale and Eximbank USA signed a financing agreement worth 36 billion FCFA with the Cameroonian government by way of its representative, the Economy Minister, Yaouba Abdoulaye.

This money will help to increase the Mefou and Akomnyada processing plants’ production by 55,000 cubic metres per day (150,000 m3 in total) to supply residents of the Cameroonian capital.

According to Jean William Sollo, Managing Director of Cameroon Water Utilities (Camwater), the public water distribution company, the project will be completed in late 2015 and will help to meet 90% of the capital’s water supply needs until 2020, according to Mr. Sollo.