(Business in Cameroon) - The Cameroonian Head of State, Paul Biya, recently empowered Minister of Economy, Alamine Ousmane Mey to sign, on behalf of Cameroon, a XAF88.8 billion credit agreement with Standard Chartered Bank London and UK Export Finance (Ukef).
According to the presidential decree published in that regard, the loan will fund phase 2 of the project aimed at reconstructing the East entrance to Douala. During the said phase, the roadway at the entrance of the Cameroonian economic capital will be broadened, resulting in smoother traffic flow for passengers coming from Yaounde, Edéa, or Kribi.
The East entrance to Douala facilitates access to the brand new Japoma stadium. According to Cameroonian customs, it is also a link connecting the Douala-Ndjamena and Douala-Bangui corridors, through which XAF340 and 55 billion of Chadian and Central African goods respectively transit every year.
UK Export Finance (UKEF) is providing a £200m buyer credit guarantee to help finance the 605MW Greater Changhua 1 offshore wind farm off Taiwan to unlock the export potential of the UK’s offshore wind sector.
UKEF has now provided £500m of financing for three offshore wind projects in Taiwan alone since late 2019, creating trading opportunities for UK renewable energy companies and supporting green jobs.
Two UK renewable energy companies, Seajacks and Trelleborg’s applied technologies operation in the UK, have already capitalised on UKEF’s support by winning export contracts with Orsted, the company leading the development of the wind farm.
Cameroon to sign a XAF88 8 bln credit agreement for the finalization of the East entrance to Douala reconstruction project cameroononline.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cameroononline.org Daily Mail and Mail on Sunday newspapers.
The abandoned 45-year-old Maternity and Baby Unit (MBU) building project at the Komfo Anokye Teaching Hospital (KATH) in Kumasi is to be pulled down to pave way for a new structure that is fit for the purpose.
The 45-year-old structure, meant to accommodate 750 beds, lecture halls, restaurants, operation theaters among others, has been found to be too weak to accommodate all the equipment and the number of people expected to use the facility.
Following a number of structural analyses conducted on the building, which was started in 1975 but has since been abandoned, it has been recommended that it should be demolished for a new one to be built in its stead.
DT9552 - Double Taxation Relief Manual - HMRC internal manual gov.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.uk Daily Mail and Mail on Sunday newspapers.