Page 366 - Atouts Economiques Cameroun-2019-GB
P. 366

attention. It is that of the European Union (EU). For the period 2014-2020, Cameroon and the EU signed the eleventh European Development Fund (EED), worth 185 billion CFA Francs.
Two main sectors are targeted: governance, parti- cularly in the areas of public finances, justice, human rights and the fight against corruption; secondly, integrated rural development in which production is expected to increase, food security to improve, opening up of production basins and support for the small and medium-sized enterprises.
Foreign direct investment (FDI) in Cameroon is not the only fact of institutions, states and other inter- national organizations. Many groups and large firms occupy a prominent place in various deve-
The Swiss multinational company Nestlé set up in Cameroon since more than 50 years
lopment projects in the country, such as the French group Bolloré in port activities and rail transport.
In recent years, Cameroon has seen the arrival of major international groups from all continents. This concerns in particular, the arrival of large Chinese firms that illustrate quite well this opening of the investment market in Cameroon.
In this sense, one could mention, among other things, the recent involvement of the Chinese group Sichuan Hanlong Group Co. Limited in the Mbalam iron project; the breakthrough of ZTE Group in the field of telephony, the significant contribution of China EximBank in the develop- ment of hydropower projects in the country, or the settlement of Sino Cam Iko, a Chinese multi- national specialized in the production, proces- sing and marketing of agricultural products.
The Chinese Sichuan Hanlong Group Co. Limited is an investor of the iron mining project in Mbalam

   364   365   366   367   368