In late 2014, China had an investment portfolio of 1.850 trillion FCFA in Cameroon

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In late 2014, China had an investment portfolio of 1.850 trillion FCFA in Cameroon

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- Wednesday, 22 April 2015 03:12

(Business in Cameroon) - According to Wei Wenhua, the brand new Chinese Ambassador to Cameroon in late 2014, China gave its financial support to 21 major projects in Cameroon for a total amount of around 3 billion dollars (around 1.850 trillion FCFA).

Indeed, the major infrastructural projects underway or recently completed in Cameroon, in energy (dams), transportation (port and road construction) and telecommunications (fibre optic cables) sectors are predominantly financed by Eximbank of China. The construction is also being carried out by Chinese companies.

The financing granted by Eximbank of China has made it Cameroon’s top lender according to figures provided by the amortisation institution, CAA, the public structure which manages the external debt of countries.

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