BOLDEN African News · Friday 6 November 2026
Cameroon authorises 166.86 million euros of EIB and EU financing for Yaoundé traffic relief
President Paul Biya signed a decree on 5 November authorising the Minister of Economy to conclude financing agreements worth 109.45 billion FCFA (166.86 million euros) with the European Investment Bank and the European Union. The funds are earmarked for accelerating construction of the 22.8 km T3 section, which is described as a priority for easing traffic in Yaoundé.
Why it matters
The decree clears the way for financing of a priority section of road works in the capital, although the report does not confirm that the agreements have been signed.
Source: Financial Afrik · 6 November 2026