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Cameroon inaugurates FCfa 15 billion ultra-modern hospital financed by China

Cameroon inaugurates FCfa 15 billion ultra-modern hospital financed by China
  • Comments   -   Friday, 20 November 2015 15:32

(Business in Cameroon) - The Cameroonian Prime Minister, Philémon Yang, commissioned on 17 November 2015 in the economic capital, the Douala gynaecology-obstetrics and paediatrics hospital. This ultra-modern hospital complex cost FCfa 15 billion, financed through an loan agreement signed in 2007 between Cameroon and the Republic of China, during a visit by the Cameroonian Head of State in China.

The building works launched in October 2009 were undertaken by the company China Shanxi Construction Engineering Group Corp. “This is a jewel of the cooperation in the health sector between our two countries. The gynaecology-obstetrics and paediatrics hospital of Douala is another technology feat granted by the Chinese government to the Cameroonian people after the one in Yaoundé”, the Chinese ambassador in Cameroon, Wei Wenhua, commented.

As a reminder, China, who is currently financing and building most large scale infrastructure in Cameroon, has become the top lender to the Cameroonian State. By end 2014, this emerging country officially claimed having a portfolio of FCfa 1,850 billion in projects in Cameroon.

This amount is equivalent to 67% of the FCfa 2,750 billion in direct foreign investments (DFE) received by Cameroon over the period covering 2000-2014, according to the United Nations Conference on Trade And Development (UNCTAD).

BRM

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