African Development Bank projects: close to 60% execution rate in Cameroon.

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Base on evaluations made by the African Development Bank (AFDB) on some 20 projects worth 600 billion FCFA sponsored by AFDB, the country has been able to achieve 59 percent project execution rate.

This observation was made during an end of year projects evaluation workshop on November 2016 that aims at evaluating the Bank’s loan and performance for the year 2016 in Cameroon.

It is worth nothing that over the years, the African Development Bank has emphasized and sponsored lots of projects ranging from Health, Education Environment, water and Energy and many others on the continent.

Projects earmarked amongst other projects sponsored by AFDB in Cameroon are: Construction of a road linking Yaoundé and Brazzaville, Adapting Yaoundé drainage system, construction of the Enugu-Bamenda road, providing pipe born water to schools and many others.

The Country representative, for the African Development Bank, Racing Kane together with Cameroon’s Minister of Economy Planning and Regional Development Louis Paul Motaze on their part expressed contentment on the level of progress made on the various project financed by the Bank in the country.

However, some loopholes were recorded by the project evaluation committee headed by the Bank’s representative, who insist on improve quality of work and timely provision of working materials, though he admits after all Cameroon’s fertile environment for investment.

 

Photo credit: http://www.youtube.com/ World Vision Leaders Speak.

 

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