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Cameroon’s Biya signs $300mn loans ahead of election

Paul Biya, President of Cameroon. Photo @ Office of the President, Cameroon.
Paul Biya, President of Cameroon. Photo @ Office of the President, Cameroon.

Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • Biya signs $300mn loans for infrastructure and agriculture
  • Borrowing spree sparks concerns over Cameroon’s rising debt load

 

YAOUNDÉ, CAMEROON – Cameroon’s President Paul Biya on Monday authorised four loan deals worth $300 million to fund roads, power and agriculture, adding to the country’s growing debt burden weeks before national elections.

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