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EU bank opens regional office for Central Africa in Cameroon.

On 20 October, the European Investment Bank (EIB), the bank of the European Union, opened a representational office in Cameroon to be the hub for investment projects in the Central African region.

EIB said that the office would support the development of long-term public and private sector investment in the region in partnership with the EU and manage relations between authorities.

"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," Pim van Ballekom, European Investment Bank Vice-President, said.

This is the fifth EIB office in Sub Saharan Africa, after offices in South Africa, Tunisia, Senegal, Morocco and Kenya.

"The European Investment Bank is the European Union's bank and the new Yaounde office will strengthen European support for crucial investment across Cameroon and the Central Africa region in the years to come." Ambassador Francoise Collet, Head of the European Union Delegation to Cameroon, said.

The official opening was welcomed by several Ministers of the Cameroonian government. Ambassadors from across Africa and Europe, representatives of other international finance organisations and the business community were also present.

The Bank also introduced Andrea Pinna as head of the new office in Yaounde.

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Publication:CPI Financial
Geographic Code:6CAME
Date:Oct 25, 2016
Words:249
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