Impact of Chinese Investment in Cameroon
Asongne Ngufor Benis
Following the visits of the Cameroonian president and Hu Jintao in 2006 and 2007 respectively, the Cameroonian president in his speech “called for Chinese companies to come and invest in Cameroon”. Today, there is a large number of Chinese working in almost all the private sectors of Cameroon involving in activities such as road, bridges, stadia construction, agriculture and small scale businesses. However, this paper seeks to explore the contributions or impacts of Chinese investment in Cameroon as mixed blessings to the Cameroonian economy. Although there is no clear records of Chinese investment at the moment, the government is no doubt benefitting from revenue derived from tariffs and business taxes and the government is losing revenue that was to be derived from the local firms which are being closed down thus, low living standard. The population also benefits from quality health and transfer of technology and.
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