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China Africa Relation in Cameroon

  • Africans View China’s Presence on the Continent as Positive

    CHINA, 2016/11/04 The majority of Africans are in favor of Chinese development on the continent, according to a new statement titled “China’s Growing Presence in Africa Wins Largely Positive Popular Reviews” by the Afrobarometer Research Network. “Almost two-thirds or 63 % of Africans say China’s influence in the continent is “somewhat” or “very” positive, while only 15 % see it as somewhat or very negative,” the statement states. Trade between Africa and China has increased from $10 billion in 2000 to $220 billion in 2014. In 2000, China established the Forum on China-Africa Co-operation to drive its strategic engagement with sub-Saharan Africa. Since again, the communist country has been the go-to world economic resource for African nations in need of products and services ranging from infrastructure and telecommunication development, to food outlets, retail shops, and textiles.
  • Chinese firm to invest CFA432 billion in Cameroon iron ore

    CAMEROON, 2012/12/21 The site of the project, which was discovered about 15 years ago by Cameroon’s Geological Management Office (BGGC), includes an iron exploitation area of 805 square kilometres, the activities of which are expected to start next year. According to the estimates, the site will produce million tons of iron per year, over a period of 25 years, representing 632,820 million tons. It can be noted that 33 % of the iron reserves can already be exploited.