(Business in Cameroon) - Invited to China from June 17-21, 2015 by his Chinese counterpart, Li Keqiang, the Cameroonian Prime Minister, Philémon Yang, who also received the Chinese Head of State, Xi Jinping, returned to Cameroon with two financing deals totalling 94.5 billion FCFA for the Cameroonian government.

The first financing arrangement, worth one billion FCFA, is actually a donation that will help to finance feasibility studies on the construction projects for the new National Assembly building as well as hospital renovations. The second financing, totalling 93.5 billion FCFA, will enable Cameroon to build an IT network for Higher Education.

In late 2014, China, Cameroon’s top lender, which is handling virtually all major infrastructural projects in that country, officially has an investment portfolio estimated at 1.85 trillion FCFA.