Image credit: IsDB website

Islamic Finance

IsDB, Cameroon sign financing deal for road rehabilitation project


Saudi Arabia-based Islamic Development Bank (IsDB) has signed a financing agreement with Cameroon to support a major road rehabilitation project to enhance regional connectivity and lower transportation costs. 

The $238 million (212.35 million euros) financing pact to support the Douala–Bafoussam Road Rehabilitation Project, covers a critical corridor between Cameroon’s Littoral and West regions. 

It also aims to facilitate the movement of goods to domestic and international markets through the Port of Douala. 

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