Article

A banking consortium including Afriland First Bank, UBA, SCB Cameroun, and Access Bank aims to secure CFAF 42 billion for Nachtigal Hydro Power Company (NHPC) to prevent payment defaults. This funding follows a previous CFAF 20 billion raised and is critical as the standby letter of credit approaches depletion due to Eneo's payment defaults. The overall credit facility totals CFAF 100 billion, with CFAF 33 billion still needed.