Funding package for Cameroon company.

Position:AES Sonel - Brief article
 
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In one of the largest financing deals ever provided to a privatised utility in sub-Saharan Africa, the International Finance Corporation has joined with other development finance institutions in a major funding package for AES Sonel, Cameroon's privatised electric utility.

The [euro]260m ($344.5m) package will help fund an ambitious post-privatisation investment programme to boost generating capacity and improve electricity services throughout Cameroon. Total costs are estimated at over [euro]380m ($503m).

AES Sonel expects to add...

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