(Business in Cameroon) - The Cameroonian government announced that US General Electric (GE) is planning to diversify activities in health and transport sectors, mainly targeting railways construction. This follows a meeting, in Yaoundé, between President Paul Biya and Farid Fezoua, the company’s MD for Africa, during which the two men discussed ways to strengthen partnerships.
As a reminder, President Paul Biya previously met with Peter Henry Barlerin, US ambassador to Cameroon, last May 17. A meeting at the end of which the US diplomat announced that President Paul Biya agrees on the importance to welcome US companies in Cameroon and provide them with good business environment.
Mr. Barlerin said focus areas include air transport (Boeing) and railways (General Electric). Between 2014 and 2017, US investments in Cameroon amounted to $2 billion (about CFA1,114 billion).