2009-2014 Cameroon absorbed foreign direct investment of US $ 5...

2009-2014 Cameroon absorbed foreign direct investment of US $ 5 billion
source: http://finance.sina.cn/2015-10-12/detail-ifxiqtqy0901129.d.html?from=wap

2015-10-12 16:14 of Commerce
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The Cameroon investment website reported on October 9, according to the United Nations Conference on trade and development (UNCTAD) statistics, Cameroon between 2009-2014 in attracting foreign direct investment (FDI) reached $ 5 billion, or about $ 2.75 trillion CFA francs.

Ka economic cooperation Department of the Ministry, according to the statistics, foreign direct investment, mainly from China, France and the United States and Nigeria and other countries. At present, China has become the largest investor in the country of Cameroon. If the account of the project financing in China, by the end of 2014, China had invested in Ka 1.85 trillion CFA francs, about Ka 67% per cent of total foreign direct investment.

Reports said with the implementation of some major projects, such as Cameroon National University campus construction projects and with the eastern part of Kabul mbalam (Mbalam) iron mine and related infrastructure projects (500 km of railway construction projects, Kerry deepwater port iron ore Terminal project) in 2015, Chinese investment in Cameroon will continue to expand. In June 2015, the mbalam iron ore operations Australia Sanders (Sundance) subsidiary-iron company of Cameroon (Cam Iron) announced that the agreement with the Kabul Government, it was agreed that funds China about the mbalam iron ore project, the total financing needed for the project amounted to approximately 15000~20000 billion CFA francs. On July 13, 2015, Cameroon Prime Minister signed an order to set up a Special Committee responsible for selecting China enterprises perform mbalam iron ore railway and construction of iron ore Terminal project and the development of Dja mining area.

Reports also said that by winning some of the biggest construction projects in Cameroon (Kerry than the deep water harbour, longpankaer (Lom-Pangar), manweilai (Memve'ele) and Mocan (MEKIN) hydroelectric dam, the national fiber-optic network, Yaoundé-Douala and Yaoundé airport Highway, the highway), the progressive consolidation of China's position in the Cameroon mining. In recent years, Chinese companies have been active in this area. Sinosteel is preparing for Kerry than the nearby mining iron ore. (Bo)