CITIC Group eyeing investment opportunities in Cameroon

A Chinese financial group has displayed its interest in investment opportunities in Cameroon after Guigen Liu, President of Africa World, was welcomed by the Head of State, Paul Biya last Wednesday.

The Chinese group, which specializes in investment and financing of projects, particularly through its subsidiary China CITIC Bank, have been eyeing sectors such as infrastructure, social housing and the construction of road iron.

The Chinese group could, in fact, contribute to the implementation of the national rail plan designed by the Cameroonian government, which requires funding of an estimated total of 15 000 billion CFA francs.