Search

Cameroon Seeks Chinese Investment to Bolster Vision 2035 Development Plan

Subscriber only Subscriber only
  • 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.

You need an active subscription to continue reading this article.

Recent Business

Ecobank building @ Pexels
Is Ecobank’s AI bet paying off as Nedbank exits and Nkontchou doubles down?
Read More »
Palm oil stall by roadside. Photo by Chris Wade @ Pexels
Nigeria’s Presco wins approval for $172mn palm oil acquisitions in West Africa
Read More »
Morocco @ Pexels
Morocco inflation eases in July as food prices fall
Read More »

Recent Politics

Photo by Omotayo Tajudeen © Unsplash /Nigeria
Nigeria arrests Al-Qaeda-linked rebels disrupting food supply
Read More »
Kenya youth protest @ Unsplash
Kenya’s Gachagua cuts short U.S. trip as political feud with Ruto heats up
Read More »
Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Is U.S.-Kenya tension over Sudan rebel links really about China?
Read More »

Latest Posts

Latest news insights