Sunday, May 26, 2024

China Provides Loans for Cameroon's Port Expansion

 The South China Morning Post published on 26 May 2024 an article concerning Chinese loans continue to support Cameroon's seaport initiative by Jevans Nyabiage..

The China Export-Import Bank provided about $1.48 million in loans to build the first and second phases of Cameroon's Kribi port on the Atlantic as well as a highway leading to it.  China Export-Import Bank is providing two loans to expand the port--$524.5 million preferential export buyer's credit and $150 million concessional loan.