(Business in Cameroon) - The Ministry of Public Works has announced the companies selected to rehabilitate three road sections in the Far North region of Cameroon
The total cost of the project is CFA102.9 billion
The contract for the 36-km Moutourwa-Maroua road has been awarded to a joint venture between Chad’s Sotcocog SA and Morocco’s Staport SA
This portion of the project is valued at CFA21.1 billion
China’s Sinohydro/Stecol group has been awarded contracts for the other two sections: the 68-km Magada-Guidiguis road
These roadworks are part of a broader regional development and private sector promotion project in the Far North
The rehabilitation is funded by the African Development Bank
The international tender to select contractors was launched in December 2023
<a href="/construction/0505-14640-kribi-bitumen-plant-set-to-start-construction-in-2025-with-government-backing">Kribi Bitumen Plant Set to Start Construction in 2025 with Government Backing</a>
<a href="/public-management/0505-14639-cemac-bond-market-hits-cfa-8-45-trillion-in-march-2025-interest-rates-drop">CEMAC Bond Market Hits CFA 8.45 Trillion in March 2025, Interest Rates Drop</a>
<a href="/public-management/0505-14638-cameroon-s-timber-output-projected-to-rise-in-2025-despite-higher-export-taxes">Cameroon’s Timber Output Projected to Rise in 2025 Despite Higher Export Taxes</a>
<a href="/finance/0505-14637-central-africa-stock-exchange-sees-98-drop-in-trading-value-in-q1-2025">Central Africa Stock Exchange Sees 98% Drop in Trading Value in Q1&nbsp;2025</a>
Every week the economy and investment news from Cameroon
<a href="/public-management/0205-14636-mboa-paris-trains-30-young-cameroonians-to-boost-tech-and-entrepreneurship">Mboa Paris Trains 30 Young Cameroonians to Boost Tech and Entrepreneurship</a>
<a href="/public-management/0205-14635-cameroon-audit-targets-former-officials-for-mismanagement-in-agricultural-project">Cameroon Audit Targets Former Officials for Mismanagement in Agricultural Project</a>
<a href="/public-management/0205-14634-camwater-seeks-global-bids-to-launch-bottled-water-lines-in-five-cities">Camwater Seeks Global Bids to Launch Bottled Water Lines in Five Cities</a>
<a href="/public-management/0105-14633-bafoussam-workshop-highlights-benefits-of-cameroon-eu-trade-agreement">Bafoussam Workshop Highlights Benefits of Cameroon-EU Trade Agreement</a>
<a href="/agriculture/3004-14632-cameroon-could-reach-350-100-tons-of-cotton-in-2025-beac">Cameroon Could Reach 350,100 Tons of Cotton in 2025 (Beac)</a>
<a href="/public-management/3004-14631-paul-biya-appoints-johnny-razack-as-chair-of-cameroon-s-national-investment-company">Paul Biya Appoints Johnny Razack as Chair of Cameroon’s National Investment Company</a>
<a href="/public-management/3004-14630-cameroon-refuses-work-visa-renewal-for-casino-and-super-u-boss-over-toxic-workplace-claims">Cameroon Refuses Work Visa Renewal for Casino and Super U Boss Over Toxic Workplace Claims</a>
<a href="/public-management/3004-14629-cameroon-joins-global-charter-to-fight-illegal-fishing">Cameroon Joins Global Charter to Fight Illegal Fishing</a>
during the official inauguration of its Central Africa regional office in Yaoundé
the African Development Bank (AfDB) signed a CFA133 billion financing agreement with Cameroon
The deal is aimed at implementing the Territorial Management and Private Sector Promotion Project in Cameroon’s Far North region
This agreement sets the stage for the rehabilitation of the road sections from Moutourwa to Maroua (36 km) on National Road No
1 and from Magada to Yagoua (137 km) on National Road No
the project will allocate over CFA104 billion (currently worth&nbsp;€159.072 million) to develop “resilient infrastructure.”
issued an international tender for the rehabilitation work divided into three lots: Moutourwa-Maroua (36 km)
with work expected to start within the year
although a specific date has not yet been announced by the authorities
Cameroon will make payments using the direct payment disbursement method
as outlined in the AfDB's guidelines for disbursements under project financing
The "taxes" part of this market will be co-financed by the Cameroonian state
rehabilitating the aforementioned road sections and urban roads in Maroua and other localities should significantly enhance traffic flow and safety
This project is expected to increase trade between Cameroon
It will connect the cities of Garoua and Maroua to Bongor in southern Chad via Yagoua
This includes a bridge over the Logone River
currently being built with funding from the Bank and the European Union (EU)
This financing agreement comes nearly six months after the AfDB announced it had approved a loan of&nbsp;€203.11 million for Cameroon as part of this project
The objective is to contribute to territorial management
and promote the private sector for the emergence of an integrated and sustainable development hub in the Far North
a crucial sub-regional crossroads between three of the four countries in the Lake Chad basin (Cameroon
the region faces ongoing development deficits and insecurity issues linked to the terrorist group Boko Haram
along with a concerning environmental crisis due to climate change
stock farmers of the Far-north just received 2,000 small ruminants in the framework of Prodel
an animal husbandry development programme steered by the Ministry of Livestock and funded by the World Bank Group to the tune of XAF50 billion
These small ruminants given to the breeders during a ceremony organized last January 20
were for the benefit of about 200 families deemed vulnerable in Moulvoudaye and Guidiguis
vulnerable feminity or single-parent status are the fragility criteria that governed the selection of beneficiary families
Authorities indicate that the objective of the operation
is to reconstitute the livestock destroyed by the war against Boko Haram
In addition to the small ruminants graciously provided
the beneficiaries of this care have also received bags of cakes to feed the livestock
as well as veterinary kits to preserve the health of the animals