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Vol 56 No 8

Published 17th April 2015


Cameroon

Biya’s emerging dream

Dealing with Eurobonds appeals more to a President of 82, who still has no heir, than tackling Boko Haram

Could there be substance to President Paul Biya's claim that Cameroon can secure 'emerging market' status by 2035, leisurely as that deadline is? The potential to attract investment will be tested in the coming weeks as Finance Minister Alamine Ousmane Mey, 49, assisted by Société Générale and Standard Chartered Bank, seeks what would be the country's first sovereign Eurobond. That would be worth 750 billion CFA francs (US$1.5 bn.).

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