2023-07-29 14:02:00
(Ecofin Agency) – After a peak of 598 billion FCFA in 2019, FDI captured by Cameroon only crossed the 500 billion FCFA mark again in 2021 (577 billion). They had fallen to 284 billion FCFA in 2020, the lowest total of the last 5 years.
During the year 2022, Cameroon recorded foreign direct investments for a total amount of 889 million USD (approximately 530 billion FCFA at the current rate). According to figures revealed by the report on investment in the world, published by the United Nations Conference on Trade and Development, this volume of FDI is down by 7.7% compared to the 964 million USD captured by the country in 2021.
This reduction in the FDI envelope received by Cameroon in 2022 reflects the overall decline observed throughout the CEMAC zone (Cameroon, Congo, Gabon, Chad, CAR and Equatorial Guinea) during the same period. Indeed, in this sub-region, FDI fell by nearly 300 billion FCFA (-12%) in 2022, from 4.1 billion USD (2,455 billion FCFA) in 2021 to only 3.6 billion USD (2,156 billion FCFA). According to UNCTAD, this decline in inward FDI in the CEMAC is the result of the war between Russia and Ukraine and the pressure exerted on the States of the world by the burden of debt, etc.
Despite the decrease in the FDI envelope received by Cameroon in 2022, a compilation of UNCTAD data allows to Invest in Cameroon noted that during the period, the country captured its 3rd largest envelope in the last five years.
Officially, Cameroon mainly owes its FDI to China, which has become the first foreign investor in Cameroon since the 2000s.Between 2000 and 2014, Cameroon captured 2750 billion FCFA of foreign direct investment, including 1850 billion FCFA from China. This represents about 67% of FDI entering Cameroon (…) The other FDI came from countries such as France, the United States, Nigeria“, can we read in a document of the presidency of the Republic, which quotes the data of the UNCTAD.
This predominance of Chinese investments in Cameroon was reinforced by the launch in the 2010s of first-generation structuring projects (bridges, roads, dams, etc.). Led by Eximbank China, the Chinese public bank, whose financing is linked (each project loan is accompanied by the name of the company to execute the contract), Chinese companies are still in pole position. These are mainly CCCC, CWE, CHEC, Sinohydro… in infrastructure; Huawei and ZTE in telecoms…
1690653098
#Cameroon #captured #USD #million #FDI