Cameroon, AfDB Ink €136 Million Deal to Strengthen Skills and Job Creation in Far North

Cameroon and the African Development Bank (AfDB) have signed a €136 million loan agreement to launch the CAP2E programme, aimed at boosting skills, jobs, and entrepreneurship in the country’s Far North region.

Signed in Yaoundé, the deal includes €130.2 million from AfDB’s non-concessional window and €5.8 million from the African Development Fund.

The initiative will provide technical and vocational training to 6,000 young people, create over 5,000 jobs, 40% for women and support more than 500 small businesses.

It will also fund the construction or rehabilitation of 22 training centres and 29 social facilities, improve health and education access, and promote renewable energy for climate resilience.

Officials hailed the project as a major investment in human capital and a driver of inclusive growth, especially for youth and women. CAP2E aligns with Cameroon’s development goals and AfDB’s 2023–2028 country strategy.