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18
Jan

NABA members facilitating EUR 57,5 million agreement in Cameroon

NABA members Export Credit Norway, the Norwegian Export Credit Guarantee Agency (GIEK) and Innovation Norway played an instrumental role in facilitating that the Norwegian company Inrigo AS secured an EUR 57,5 million water contract with Camwater of Cameroon.

The government of Cameroon will strengthen their water supply and as a part of this programme the Norwegian company Inrigo AS will supply four turn-key water supply facilities. This is one of the largest non-petroleum related contracts awarded to a Norwegian company in African markets.

– Without the financial support and risk reduction from Export Credit Norway, GIEK and Innovation Norway, this contract would never have happened, says Reza Hezari, Managing Director of Inrigo AS.

Read more on Export Credit Norway’s homepage (in Norwegian):

http://www.eksportkreditt.no/no/OM-EK/Aktuelt/2016/Et-norsk-eksporteventyr-til-Kamerun/

See also article on this agreement by Mr. Ivar Slengesol from Export Credit Norway in the Norwegian magazine Teknisk Ukeblad (in Norwegian):

http://www.tu.no/artikler/historien-om-inrigo-viser-hva-som-kan-vaere-mulig-for-norske-bedrifter-i-nye-markeder-og-nye-bransjer/367870

Photo (above) from the signing of the agreement in Cameroon: Norway’s Ambassador to Nigeria (accredited to Cameroon) H.E. Mr. Jens-Petter Kjemperud with Minister for Economy, Planning and Regional Development Mr. Louis-Paul Motazé from the government of Cameroon and delegations from both Norway and Cameroon around the table.