Financial agreements worth 6.56 billion and 13 billion CFA francs were signed on 12 June between the AFD and Minister Alamine Ousmane Mey.

The two agreements signed on June 12 by the Minister of the Economy and Regional development, Alamine Ousmane Mey, the Director of the French Development Agency (AFD), Virginie Dago, and the French Ambassador to Cameroon, Thierry Marchand, amounts to 19.56 billion CFA francs.

The first agreement, for 6.56 billion CFA francs (or 10 million euros), is earmarked for the Sporcap project, which aims to build local sports facilities (football stadiums, gymnasiums, etc.) in five of Cameroon’s regional capitals and make them more accessible to young people. These are Bamenda (North-West), Bertoua (East), Garoua (North), Bafoussam (West) and Maroua (Far North).

It will also contribute to the rehabilitation of existing facilities, making sport more accessible and regular for all residents, especially young girls and boys. Following the announcements made last September, the second financing agreement was signed on 12 June. It covers the second phase of the Regional Capitals 1 (RC1) programme. A total of 13 billion CFA francs (20 million euros) will be allocated to the regional capitals in the west (Bafoussam), north (Garoua) and east (Bertoua).