EIB opens regional office in Cameroon
It will provide a platform for investment projects in Central Africa.The European Investment Bank (EIB) has announced the opening of a representational office that will act as a hub for investment projects in the Central African region.
The new office, the fifth in sub-Saharan Africa, will help support the development of long-term public and private sector investment in the region in partnership with the EU, and will manage relations with the national and regional authorities, as well as with the other international organisations based in the Cameroonian capital.
“The European Investment Bank has a strong track record in supporting crucial investment programmes across Africa and around the world. The opening of an office for the Central Africa region will help us to support crucial investment in infrastructure, water, energy and other key sectors, as well as backing private sector growth, essential for economic development,” said EIB's Vice-President Pim van Ballekom.
EIB also announced the forthcoming opening of its sixth regional office in Abidjan in November.
This expansion "underlines once more the commitment of the EU bank towards the region," concluded Mr. Van Ballekom.