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trade and investment

Bilateral trade: The bilateral trade volume in 2023 will be US$3.87 billion. China's exports to Kazakhstan will account for 72%(mainly machinery, equipment and electronic products), and imports will mainly be crude oil and wood.

Investment stock: As of 2023, China's direct investment stock in Cameroon is US$5.446 billion, mainly distributed in energy, infrastructure, and manufacturing industries.

Key projects:

(1) Kribi Deepwater Port Phase II: constructed by China Harbor and completed in 2024.

(2) Manvilai Hydropower Station: China has invested US$568 million in hydropower and will be put into operation in 2025.

(3) New energy cooperation: 200MW photovoltaic project in LONGi Green Energy Northern Region.

Automobile and motorcycle markets

Market size: The total number of motor vehicles in the country is about 1.2 million, with second-hand vehicles accounting for 80%, and the average price of imported vehicles is US$8,000-US$15,000.

Policy: New car import tariffs are 30%+ value-added tax of 19.25%, electric vehicle tariffs will be reduced to 10% in 2024, and special economic zone assembly can enjoy 5% tariff.

Competitive landscape: European brands (Toyota, Volkswagen) dominate the market, while China brands (Chery, Geely) test the waters through assembly of parts.

Demand gap:

(1)The average daily commute of motorcycles is 20-40 kilometers, and there is a strong demand for models with a battery life of ≥80 kilometers.

(2)Logistics enterprises try out mini-electric trucks made in China (daily mileage <150km).

Compliance challenges and risks

Compliance challenges: Labor laws require foreign companies to hire at least 60% of local employees, and the approval cycle for foreign labor permits is 3-6 months.

Security risks: Conflict in the English-speaking region will cause economic losses of US$1.6 billion in 2023. It is recommended to give priority to the French-speaking region.

Key Chinese-funded enterprises

(1) China Harbor Engineering Co., Ltd.: Construction of the expansion of Kribi Deepwater Port and Douala Port.

(2) China Electric Power Construction Group: Investing in Manvilai Hydropower Station with an installed capacity of 211MW.

(3) Huawei Technologies Co., Ltd.: Participated in the construction of national optical fiber networks, with a market share exceeding 60%.

support institutions

(1) Economic and Trade Office of the Embassy of China in Cameroon: providing investment advice and consular protection, address: Embassy District of Yaoundé.

(2) China-Africa Development Fund: Establish a special loan of US$1 billion to support new energy projects.

(3) China Export Credit Insurance Company: Insures political risks (war, nationalization) and commercial risks.

Source: Yangtze River Delta new energy vehicle industry offshore base

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