Cameroon/Chad: Interconnection financing

President Paul Biya has signed two decrees enabling the minister of economy, planning and regional development to sign two financing agreements with the African Development Bank (AfDB) totalling CFA147.85bn ($24m) to finance the interconnection of power networks in Cameroon and Chad. The financing consists of CFA142.93bn from the AfDB and CFA4.92bn from the African Development Fund, the bank’s concessional financing window.