July 5, 2024
Funds

Chinese funding keeps Cameroon’s deep seaport expansion project afloat

A small fishing town in southwest Cameroon is counting on Chinese funding to transform itself into a major Central African sea hub. The Kribi Deep Seaport, on Africa’s Atlantic coast, is being built by Chinese state-owned China Harbour Engineering Company (CHEC), and largely funded by China Eximbank which has provided around US$1.48 billion over the

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