CASDB injects 22 million USD into several infrastructure projects in Central Africa
28 June 2011
The Central African States Development Bank (CASDB) announced last Friday that it was going to finance several infrastructure projects in its member countries amounting to a total of 22 million dollars.
These projects include the construction of two hydroelectric power stations at Mitzic and Fougamou in Gabon, the Lom Pangar hydroelectric power station project in Cameroon and the upgrading of the Bangui Mpoko international airport in Central Africa, reports the Xinhua press agency.
Elsewhere, several banks in Cameroon have granted a loan of 151 million USD to the Société nationale de raffinage (SONARA), to continue the extension and modernization works on the refinery in Cameroon.
"We think we can complete the first phase of modernization before December 2012. This phase consists of increasing our production capacity, since we are going from 2.1 million tonnes processed per year at present to close to 4 million tonnes", said Charles Metouck, managing director of SONARA, whose words were reported June 23 by the APA press agency.