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.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Egypt Secures $100 Million Islamic Bank Financing to Boost Private Sector Growth
Read More »
breaking_news
Ghana’s Inflation Declines for First Time in Five Months
Read More »
generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights