Economy

Addressing Africa’s energy deficit: Cameroon to benefit AfDB’s promised FCFA 30 trillion scheme.

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Cameroon is expected to benefit from the African Development Bank, AfDB Group’s, promise to inject some 30 trillion FCFA to resolve the energy problem in Africa and offset other critical development-enhancing deficits.
The Bank Group announced the move in a recent release. It detailed that Board of Directors had approved a new framework to mitigate the impact of the global energy and fertilizer crisis on African countries.

It added that the Board launched a response plan to raise up to 5.1 billion United States Dollars, USD, which is approximately 30 trillion FCFA, to offset energy and fertilizer shortages and the shocks they give African countries.

Code-named the Global Energy and Fertilizer Crisis Response Framework, GEFCRF, management said, it will enable the Bank Group to deliver timely, targeted support to address immediate needs stemming from services delivery crisis. It said the scheme will also strengthen African member countries against future shocks.

Building on successful experiences from the Bank Group’s COVID-19 Response Facility and the African Emergency Food Production Facility, the framework, the release said, is designed to provide immediate relief while laying foundations for stronger, more self-reliant and resilient African economies.

The AfDB noted that the framework will be financed through an additional 4.1 billion USD in African Development Bank lending and up to 960 million USD from the African Development Fund, the Bank Group’s concessional lending arm.

The communique specified that the additional resources will increase the Bank's 2026 lending target to approximately 12.7 billion USD, enabling the Bank Group to provide timely and targeted support to countries affected by the crisis while strengthening resilience to future shocks.

Disruptions to global trade routes and logistics, including key maritime corridors, it stated, are compounding these pressures by increasing transport costs, delaying deliveries, and amplifying supply chain fragility.

The GEFCRF, going by the Bank, seeks to stabilise macroeconomic conditions by providing rapid counter-cyclical financing, short-term buffers, and coordinated fiscal, monetary, and debt policy responses during shocks.

It added that the scheme also aims to secure critical food, energy and fertilizer supply systems by using emergency and trade finance to protect food, energy, and fertilizer supplies, while supporting vulnerable populations, in particular, vulnerable women.

This article was first published in The Guardian Post Edition No:3905 of Thursday September 10, 2026