Govt secures FCFA35 Billion to restore guarantee for Nachtigal hydropower project

The government of Cameroon has made significant progress in restoring the financial guarantee backing the Nachtigal hydropower project, although the operation has yet to be completed. According to information obtained by Investir au Cameroun from sources familiar with the matter, the government has already secured CFA35 billion to replenish the standby letter of credit (SBLC) issued by SCB Cameroun. The financing operation, launched in March 2026 and arranged by Financia Capital, aims to fully restore the euro-denominated guarantee, valued at more than €86 million, or about FCFA56 billion. The amount raised so far represents just over 62% of the target,…