01/22/2019
China forgives a portion of Cameroon’s debt, $7.8 million of $1.9 billion out of Cameroon's total debt of $5.7 billion. China is heavily involved in many areas of Cameroon's economy, including gold mining that has damaged the environment. But it is most deeply involed in building a new deepwater port at a fishing village, Kribi, which was finalized in 2011 and is due to be finished in 2035. China sees Cameroon and Kribi as its west African end of its Silk Road project, and a crucial strategic outpost.