Infos Business of Saturday, 14 June 2014

Source: investiraucameroun.com

IDB to finance Cameroon’s health services

The Islamic Development Bank (IDB) has just granted Cameroon 12.4 billion FCfa in financing to support the strengthening of primary and secondary health services across the nation.

The support comprises a loan of 5 billion FCfa and a donation of 7.4 billion FCfa which will be used to improve health services, particularly in rural areas.

The IBD recently granted Cameroon aide amounting to close to 3 billion FCfa to modernise the production equipment of Société de développement de coton (Sodecoton).

This financial support should enable the cotton company to produce 240,000 tonnes this year, which is a projected increase of over 30,000 tonnes relative to the previous season.