The African Development Bank (AfDB) has approved the sum of  €17.96 million as loan to Cameroon for the financing of a Ring-road project in the

North-West province of the country.

 The Ring Road project, aims to improve the movement of goods and people. It will also promote sustainable growth by strengthening domestic and regional trade.

The loan for the 365 km Ring Road is the Bank’s third intervention in the implementation of this important road network rehabilitation and upgrading project. The loop road crosses five of Cameroon’s seven divisions of the North West Region and includes several links to the Nigerian border.

The project is line with the government’s plan to build an integrated and efficient transport network at low-cost that covers the entire country and linking neighbouring countries to effectively enhance economic growth and reduce poverty.

Cameroon’s northwestern region has enormous economic potential, particularly in agriculture. Other lucrative sectors include livestock and fisheries; tourism, particularly the spectacular natural landscapes such as the Menchum Falls, Lakes Awing,Oku and Nyos, the Mbengwi Caves.

The project is also expected to create over 30,000 jobs for youths and women. The road will result in savings on vehicle operating costs; increase household income and reduce post-harvest losses.

The bank has participated in financing 28 transport sector operations in Cameroon Since 1972.