Search

Cameroon Seeks Chinese Investment to Bolster Vision 2035 Development Plan

  • President Paul Biya appeals to China for increased investment to support infrastructure and economic growth
  • Analysts caution that future Chinese engagements may focus on smaller projects rather than large-scale investment

Yaoundé, Cameroon – Cameroon’s President Paul Biya has appealed for increased financial support from China, urging both the Chinese government and private sector to ramp up direct investments to help drive the country’s ambitious Vision 2035 development plan.

Biya made the plea during a bilateral meeting with Chinese President Xi Jinping on the sidelines of the 4th Forum on China–Africa Cooperation (FOCAC) in Beijing. He emphasised the need for substantial funding to build a more competitive economy rooted in robust local industries, with foreign investment playing a pivotal role.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Aliko Dangote, Africa's richest businessman. Photo @ Africa CEO Forum
Dangote's IPO draws billions. Why aren't African markets integrated?
Read More »
Food items on sale. Photo by Viki Mohamad @ Unsplash
Ghana's economy expands, but can farmers keep pace?
Read More »
Nigeria President Bola Tinubu. Photo @Bola Tinubu/Facebook
Nigeria seeks $7.7bn. Will more debt deliver growth?
Read More »

Recent Politics

Foodstuff being moved to the market in Accra, Ghana. Photo by Zeal Creative Studios @ Pexels
Nigeria’s poor spend beyond earnings. Can reforms deliver?
Read More »
Fuel tanker truck navigating city roads. Photo @ Pexels
Can West Africa afford its rising fuel subsidies?
Read More »
Photo by Fran Ben @ Pixabay | Senegal
Can Senegal’s budget revolt derail its IMF rescue?
Read More »

Latest Posts

Latest news insights