Phase 1 of the 10,000 Housing Project completed at 25%

Phase 1 of the project to build 10,000 social housing units in Cameroon has been completed at 25% as of March 31, 2023, according to official data provided by the steering committee. A little more than FCFA43 billion have already been invested, we learned. As a reminder, per the loan agreement signed on March 1, 2017, the Italian bank Itensa Sanpaolo committed to providing Cameroon with FCFA115 billion for this first phase entrusted to Italian company Pizarotti. The current disbursement rate, therefore, stands at 39.1%. In total, Phase I will cover 16ha and include the construction of 1,224 housing units,…