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Cameroon’s Biya urge Chinese private sector to invest more in Africa

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The President of the Republic of Cameroon, Paul BIYA has urged Chinese private sector, to invest more in Africa.

Biya made the call during the first high-level round table chaired by President Xi JINPING on 4 September 2018 at the Great Hall of the People.

The forum saw Biya endorsing the Beijing Declaration and a three-year action plan adopted at the end of the third summit of Heads of State and Government of the Forum on China-Africa Cooperation (FOCAC).

According to him, FOCAC is an important platform for dialogue and an effective mechanism for cooperation between China and African countries, based on solidarity and mutual respect. He said this strategic partnership has yielded positive outcomes and tangible achievements in the political, social, economic and infrastructural spheres.

The Head of State equally hailed President Xi Jinping’s “New Silk Road Belt and Maritime Silk Road Initiative”, which will further interconnect the peoples of Asia, Europe and Africa.

It should be recalled that President Paul BIYA was speaking a day after H.E. Xi JINPING’s highly acclaimed keynote address in which he officially launched a three-year plan – comprised of eight major initiatives, aimed at building an even closer China-Africa community with a shared future. China pledged 60 billion U.S. dollars to finance the ambitious plan hinged on industrial promotion; infrastructural connectivity; green development; capacity-building; healthcare; people-to-people exchange; and peace and security.

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