Cameroon received 28.7 billion FCfa from Korea for the construction of a first rate hospital in Garoua

On May 14, 2014, Cameroonian Head of State, Paul Biya issued a decree authorising the Minister of Economy, Emmanuel Nganou Djoumessi, to sign a loan agreement with South Korea for a total of 57.457 million USD which is approximately 28.7 billion FCfa.

This financing will be used to build and equip the new top hospital in Garoua, the regional capital of the North – one of Cameroon’s seven regions. Prior to this hospital, Korea had already financed the construction of the Emergency Medical Centre being completed not far from the central hospital of the Cameroonian capital.

Outside of the health sector, South Korea’s financial contributions in Cameroon are also apparent in the area of training, particularly the on-going construction of four training centres of excellence, a project led by the Ministry of Employment. With regards to direct investment, Korea is very present in the Cameroonian mining sector