We support local economies and communities across the country by financing private businesses as well as cooperatives in all economic sectors through intermediating banks and private equity funds. Micro, small and medium-sized enterprises are able to grow, benefit and invest in their projects, support job creation and help raise the living standards of thousands of families.
One of the EIB’s high-profile projects is the Lom Pangar facility. The Bank has provided €30 million in financing for the project, which draws on the country's considerable hydropower potential. The facility has increased energy services and helped meet local energy needs, providing first-time access to electricity and/or reliable power supply to about 6 million people. It has also contributed significantly to the rising use of renewable energies in Cameroon and supported regional power generation targets.