Another €10 million loan is being sourced from a leading development finance institution. BOCOM will use the loan to expand its LPG operations across Cameroon by funding the expansion of its main LPG storage and filling center while building new distribution regional hubs.
BOCOM will also expand its fleet of LPG transportation trucks and is expected to create an additional 160 direct jobs.
“We are proud to partner with BOCOM to foster access to cleaner and safer fuel, while supporting Cameroon’s energy transition. Our partnership will also help promote economic inclusion in regions of the country where private sector investment has been lagging for years, helping create jobs and boost the local economy,” said Sylvain Kakou, IFC Country Manager for Cameroon.