The European Union has pledged to mortgage $96 million to Cameroon over three years to boost the nation’s infrastructure and entice international funding. Introduced throughout a gathering in Yaoundé, the funding will assist important initiatives, together with vitality growth, street enhancements, and a railway connecting Cameroon with Chad. Extra initiatives embrace the development of a bridge over the Ntem River to hyperlink Cameroon with Equatorial Guinea. These efforts purpose to rebuild the nation’s ageing infrastructure, which has deteriorated over the previous few years. In response to EU Ambassador Jean-Marc Chataigner, the disbursement of the mortgage is contingent on clear administration of the fund. Cameroon officers have confronted ongoing allegations of corruption, with a latest report by the Nationwide Anti-Corruption Company revealing that the nation misplaced $184 million to corruption in 2023.
SOURCE: AP NEWS