Rédaction Africa Links 24 with Esther FOSSI
Published on 2024-04-08 14:50:39
The inauguration ceremony will be presided over by the Cameroonian Prime Minister and Head of Government, Joseph Dion Ngute, accompanied by the Vice President of the African Development Bank Group responsible for Regional Development, Integration and Service Delivery, Marie-Laure Akin-Olugbade.
Cameroon will officially host the regional office of the African Development Bank for Central Africa starting from April 12 of the current year. The Cameroonian Prime Minister and Head of Government, Joseph Dion Ngute, accompanied by the Vice President of the Bank Group responsible for Regional Development, Integration and Service Delivery, Marie-Laure Akin-Olugbade, representing the President of the Bank Group, along with members of the Cameroonian government and the six other countries in the region covered by the regional office will be present at this ceremony according to the African Development Bank.
The African Development Bank Group is a major partner for the development of countries in Central Africa given its significant contribution to macroeconomic stability, as well as in many other areas such as regional infrastructure development, transportation, energy, value chains, information and communication technologies, and the intensification of regional integration processes and the implementation of the African Continental Free Trade Area.
As of April 1, 2024, the active portfolio of multinational operations of the Bank Group in Central Africa included 26 operations amounting to 2.49 billion US dollars.
By opening a regional office for Central Africa, the African Development Bank Group is bringing itself closer to its member states in the region to strengthen the quality of dialogue and expand the footprint of its operations. Its presence enables it to enhance collaboration with other bilateral and multilateral development partners, sub-regional institutions, as well as key actors in the public and private sectors and civil society to achieve greater convergence and impact.
The regional office for Central Africa is one of the five regional offices of the African Development Bank Group in Africa. It covers seven countries: Cameroon, Congo, Gabon, Equatorial Guinea, Central African Republic, Democratic Republic of the Congo, and Chad.
Read the original article(French) on Journal du Cameroun
