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Cameroonian and Chinese companies work together on partnerships to take on projects

Cameroonian and Chinese companies work together on partnerships to take on projects
  • Comments   -   Friday, 11 December 2015 02:56

(Business in Cameroon) - The Chamber of Commerce, Industry, Mines and Crafts of Cameroon (CCIMA) gathered, on 4 December 2015 in Douala, the economic capital, local economic operators and managers of Chinese businesses established in Cameroon, we learn from reliable sources.

This meeting was meant to discuss the terms for a better cooperation between Chinese and Cameroonian companies, on the execution of ongoing structural projects in Cameroon, of which many are undertaken by Chinese companies.

Apart from the partnership on structural projects, the meeting was also meant to, as specified by Christophe Eken, President of CCIMA, "further strengthen and deepen the economic cooperation between our two countries, with a view to significantly increase the volume of trade exchanges and gradually operate a transfer of technology".

As a reminder, according to the Cooperation Directorate of the Ministry of Economy, China through Eximbank of China, has become the top investor in Cameroon. Out of the FCfa 2,750 billion in Direct Foreign Investments absorbed by Cameroon between 2000 and 2014, China on its own contributed 67%, according to the United Nations Conference on Trade and Development (UNCTAD).

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