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

arvind-vallabh-rqWWhKzVCaU-unsplash
Gabon ramps up deepwater push to reverse oil decline
Read More »
kurt-cotoaga-FWTN3Uquq20-unsplash
Senegal raises $346m in latest WAMU debt auction
Read More »
Allen dreyfus Logo
Cote d’Ivoire awards new gold exploration permits
Read More »

Recent Politics

james-wiseman-IebZAH6kaNw-unsplash
Trump pushes trade-first Africa strategy to counter rivals
Read More »
Allen dreyfus Logo
Elombi steps into Afreximbank leadership amid mounting regional debt pressure
Read More »
edouard-tamba-oTrwlvPvpVo-unsplash
Northern defections rattle Biya’s rule ahead of Cameroon’s October election
Read More »

Latest Posts

Latest news insights