Cameroon Seeks US Investment for Grand Eweng Dam, Infrastructure

Cameroon is using its first bilateral Economic and Commercial Dialogue with the United States on Aug. 27 to seek U.S. capital and expertise for a portfolio that includes the $3 billion Grand Eweng hydropower project, a proposed new airport for Douala and major data and cloud infrastructure. The meeting in Yaoundé, prepared through several weeks of consultations between U.S. Chargé d’Affaires John G. Robinson and members of the Cameroonian government, is expected to focus on three broad areas: improving the business climate, developing trade and identifying investment opportunities between the two countries. Digital technology, agriculture, energy and mining are among the sectors specifically targeted. On investment, Yaoundé wants to use the new bilateral framework to bring several projects to the attention of U.S. companies, experts and financing institutions. The largest by investment value is Grand Eweng, a hydropower project on the Sanaga River developed by U.S. company Hydromine. Cameroon’s official catalog of major public-private partnership projects, published in ...