IFC Backs Chinese Huatong Cable Operations in Cameroon

China’s Hebei Huatong Wires and Cables Group has secured an IFC loan of up to $60 million, or about CFA33.8 billion, part of which will finance working capital needs at its cable factory in Douala, Cameroon. The financing will also support the group’s cable operations in Tanzania, where funds will go toward increasing production capacity for copper and aluminum cables. The International Finance Corporation approved the financing on March 19, 2026, and signed the agreement on May 29 with Huatong, HT International Trading Services, Everwell Tanzania and Everwell Cameroon. As of October 5, the project page, last updated July 10, still listed the financing as “Pending Disbursement,” meaning the loan had been signed but IFC had not yet reported a disbursement. IFC has not disclosed how the loan will be divided between the two countries. For Everwell Cameroon, the financing will cover working capital needs at its Douala factory. In Tanzania, it will support an increase in production capacity for copper and aluminum cables. IFC says ...