Cameroon is close to a final agreement with the Chinese railway Mbalam-Kribi, page-30

....Choo Choo...here comes SDL train..still plenty of room on the last carriage....

Hi taboon

Is the SDL train full yet? Any room left for the latecomers?

It looks like China's $60 billion African package is really related to our project. The perfect timing of Xi's African visit is no coincidence at all as EPC contract signing being imminent.


.....Before FOCAC Johannesburg Summit, the two sides have been on China-Cameroon Cameroon priority to financing projects held talks, the two sides will continue to mature for further exploration projects.....

Cameroon to explore ways to benefit from China's non-new financing initiatives
Source: Embassy Commercial Office in Cameroon 2015-12-18 22:46 Article type: translated content Category: News

December 15, official media in Cameroon "Cameroon Tribune" published an article entitled: special report, "China's new financing to Africa in Cameroon how to benefit from it?", The report details the Chinese government in China-Africa Cooperation Forum summit in Johannesburg "Ten cooperation program" put forward a series of policies and measures to non-pointed the next three years (2016-2018), China will provide a total of $ 60 billion in Africa's financial support, including: providing $ 5 billion in free aid and interest-free loans; to provide 35 billion US dollars of preferential loans and export credit, and increase preferential loans preferential degrees; for the China-Africa Development Fund and the African Development Special SME Loan $ 5 billion each replenishment and the like.

Reported that since 2000 China-Africa Cooperation Forum Ministerial Meeting, Chinese finance for Africa's growth year after year. According to the Chinese Ministry of Commerce statistics, in 2014, to attract direct investment up to 14 African countries before China are: South Africa (18%), Algeria (8%), Zambia (7%), Nigeria (7%) Congo (DRC) (7%), Sudan (5%), Zimbabwe (5%), Angola (4%), Ghana (3%), Congo (Brazzaville) (3%), Namibia (3%), Ethiopia (3%), Tanzania (3%), Kenya (3%). According to Chinese customs statistics, in 2014, Chinese exports to the top 10 African countries are: South Africa (48%), Angola (34 per cent), Congo (Brazzaville) (6%), South Sudan ( 5%), Nigeria (3%), Ghana (2%), Algeria (1%), Egypt (1%), Tanzania (accounting for 0.47%), Kenya (0.08 per cent).

Cameroon Minister of External Relations Mubei La noted that Cameroon is one of the biggest beneficiaries of China's assistance to Africa in recent years, China has helped Cameroon to implement a number of large infrastructure projects, including women and children's hospital in Douala, Yaounde - Douala highways, waterworks Yaounde Sana Jia and ancillary works, Cameroon financing cooperation involving infrastructure construction, agriculture, public health, communication technology, energy and other fields. Before FOCAC Johannesburg Summit, the two sides have been on China-Cameroon Cameroon priority to financing projects held talks, the two sides will continue to mature for further exploration projects. In addition, Cameroon will also provide capacity building for the parties concerned, the preparatory work before the project started, the project matching funds, rational use of project funds and other matters to communicate.

Cameroon Minister of Economy, Planning and territorial management Mota Ze said that cooperation in Cameroon has more than 40 years, the Chinese are very friendly friends Cameroon, China to finance the construction of the Kribi deep-water port infrastructure, hospitals, roads, etc. to Cameroon. Currently, Cameroon relations are developing well, the two sides will further deepen the bilateral friendly cooperative relations.

Chinese Government Special Representative for African affairs Zhong Jianhua pointed out that China-Africa Cooperation Forum Johannesburg Summit is another milestone in China-Africa friendly cooperation. In the 20th century, since the early 2000s, the economic development of African countries are lagging behind most other regions of the world. We have reason to believe that China-Africa cooperation under the framework of China-Africa Cooperation Forum will promote the rapid development of African countries.

http://cm.mofcom.gov.cn/article/jmxw/201512/20151201214178.shtml