Cameroon did not come back empty-handed from Nairobi, the Kenyan capital, where the 6th edition of the Tokyo International Conference for African Development (TICAD) ended this recently past weekend.
But, considering high number of Japanese investors who came with the Prime Minister of the Land of the Rising Sun to this seduction operation for Africa, the potential of Cameroon in terms of investment opportunities, and the extent of projects currently underway or in development in the country; we can only reach the conclusion that the results of Cameroon for the 6th TICAD are rather poor.
Indeed, according to the Cameroonian Minister of Foreign Affaira, Lejeune Mbella Mbella, out of the 22 draft agreements signed by 73 companies with 20 countries during the latest TICAD, Cameroon, presented as the economic engine of the CEMAC area, got one memorandum of understanding (MoU).
This type of declaration of intent to invest was signed with the Japanese firm Marubeni Corporation, who plans to build, in the country, a new reference hospital, whose location or potential investment amount, have not yet been made public.
Nevertheless, during this 6th TICAD, Shinzo Abe, Japanese Prime Minister, promised to African countries that Japan would inject USD 30 billion in their economies, mainly through the private sector. It is now up to the Cameroonian authorities to work to attract an important share of these funding, which are however less important than the USD 60 billion promised Xi Jinping, Chinese President, during a similar conference which was held between China and Africa at end 2015 in South Africa.