By The United States and Cameroon announced roughly $7 billion in new and expanding American investment and trade opportunities on August 27 at their first Bilateral Economic and Commercial Dialogue, according to a statement from the U.S. Embassy in Cameroon.
The projects, at various stages of development, span technology, critical minerals, infrastructure, energy, forestry and logistics, the embassy said.
The two countries also agreed to set up joint working groups to institutionalize the dialogue and address business-climate issues including taxation, shipping, logistics and mining sector reform ahead of a second dialogue, to be hosted by the United States in 2027.
In the critical minerals sector, Connecticut-based Tronox and Australia’s Lion Rock are advancing a $500 million rutile project, the embassy said.
Washington-based ARM, a critical minerals development company, is in talks to develop a cobalt-nickel-manganese project in Nkamouna, starting with an initial investment of about $85 million, according to the statement.
Illinois-based A. Epstein and Sons International, working with financial partner ITF, is in discussions on a proposed $2 billion airport for the Douala metropolitan area, the embassy said. The same partners are also discussing a $230 million project to build theater halls in Yaounde, Douala and Bamenda.
New York-based Hydromine is pursuing the proposed $3.5 billion, 1,040-megawatt Grand Eweng Hydropower Project on Cameroon’s Sanaga River.
Virginia-based Cybastion said it intends to invest $75 million in a project that includes an AI-powered data center and power plant in Douala, the embassy said.
New York-based fintech company Azamra aims to facilitate investment from the Cameroonian diaspora and speed up cross-border digital payments.
California-based Taylor Guitars and local partner Crelicam are sourcing ebony wood sustainably from Cameroon.
Tennessee-based FedEx and its local service partner, Globex Cameroun S.A.R.L., are developing a framework and timeline to build a warehouse facility at Douala International Airport, according to the statement.
New Jersey-based Hoffman Equipment’s $83 million equipment sale will support infrastructure development and technical training in Cameroon.
Taken together, the announced deals represent an estimated $7 billion in U.S.-Cameroon commercial activity and reflect growing private-sector interest in the Cameroonian market, the embassy said in the statement.
The U.S. and Cameroonian governments said they would continue working with their respective private sectors to improve the business environment and translate the dialogue into what the embassy called shared prosperity for both countries.
