Star Building : Energy Supply, Jobs Assistance Promised

The International Finance Corporation (IFC), a member of the World Bank Group is ready to increase support to projects in Cameroon in areas related to the creation of jobs and electricity power supply, especially the Nachtigal Hydro-power Project.
The Vice President of the International Finance Corporation for the Middle East and Africa, Sérgio Pimenta made the declaration on July 12, 2019 after talks with Cameroon’s Prime Minister, Head of Government, Chief Dr Joseph Dion Ngute. IFC that has an office in Cameroon’s economic capital, Douala, offers investment, advisory and asset-management services to encourage private-sector development in less developed countries.
In a press interview, Sergio Pimenta said the IFC has been very active in Cameroon supporting particularly the energy sector, financing and leading the mobilisation for the Nachtigal Hydroelectric dam project. He disclosed that upon completion, the project will add 30 per cent to the capacity of energy supply in Cameroon.  “We have also been very active working with financial institutions such as banks to support small and medium-sized companies and entrep...