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Cameroon’s SMEs gets a funding of $5M to support the sustainable power source and water from Switzerland

Switzerland grants Small and Medium-sized Enterprises of Cameroon $5M to help them put into operation their anticipated water and renewable projects.

Alamine Ousmane Mey, a Cameroonian Minister of Economy, Planning, and Land Management, signed funds deals with the leaders of SMEs. Pietro Lazzeri, who is a Swiss Ambassador to Cameroon, was there as a witness during the signing of that deal.

The three firms entail Sawel Water Sanitation and Environment, experience Incorporated Cameroon, and Solar Hydrowatt. The three were under selection after an urge for projects inaugurated within the circle of the SVF in the previous two years. Each firm got over the US $1.6M.

Information regarding the project

Sawel Water Sanitation and Environment, a firm that specializes in renewable energies, will use the funds they received to budget on how they will aid in the edification of water boreholes and solar generating structures, irrigation, and livestock structures.

Funds given to Solar, hydro watt, a firm located in township hydraulics, will budget on the installation of a crossbreed structure located in Fotetsa on the Western side of Cameroon.

About 1,500 residents will have access to electricity produced by a hybrid structure of 120Kw and 15Kw incapacity. Finances from Experience Incorporated Cameroon, a joint firm that specializes in the production of potato, will help in running agricultural projects in Santa, a region found in the North-West of Cameroon. 

However, Cameroon is still not yet back to the field in attaining its goals of Millennium Development Goals (MDGs) meant for water and sanitation. Looking at remarkable developments done by Cameroon from 1990, it is clear that it still has a long way to go. For instance, more needs are still on their pending list and have to do to improve the stagnated growth in rural areas.

Back in 2006, over three-quarters of the Cameroon population had access to clean drinking water. Due to the influx of urban population to 80 percent, there was an increase in demand for water in urban areas as compared to rural areas. This factor hindered accessibility to clean water by the current infrastructures in urban regions as the daily water uses are always on the surge. It resulted in worsened hygiene in urban areas because of the limited purpose of water, having in mind the bills to be paid at the end of every week. Only half of the population in urban areas had access to amenities with improved hygiene.