Money and business

"UAE-Cameroon Trade and Investment Day" Explores opportunities to build new partnerships

Yaounde – Cameroon, January 18 / WAM / His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, conveyed the greetings of the wise leadership of the UAE to His Excellency Joseph Dion Ngoti, Prime Minister of the Republic of Cameroon, and its wishes for the leadership and people of Cameroon for further prosperity, progress and prosperity, while the Cameroonian Prime Minister conveyed his greetings to the wise leadership of the UAE, and his wishes for the country and its people continued progress, prosperity and prosperity.

This came when he received the Cameroonian Prime Minister, His Excellency Al-Zeyoudi, who is on an official visit to Cameroon at the head of an Emirati delegation, as part of the UAE’s ongoing efforts to strengthen bilateral relations with high-growth African economies. The two sides discussed a wide range of opportunities aimed at expanding the scope of economic ties between the two countries.

Al-Zeyoudi and the Emirati delegation participated in the activities of the “Emirati-Cameroonian Trade and Investment Day”, and in meetings that focused on exploring prospects for cooperation across various sectors, including agriculture, infrastructure, renewable energy, finance and communications.

The Minister of Foreign Trade met with a number of Cameroonian ministers, including His Excellency Secretary Ousmane Mai, Minister of Economy, Planning and Regional Development; His Excellency Gaston Elondo Essumba, Minister of Water and Energy; His Excellency Jean-Ernest Massena Ngali Bibihi, Minister of Transport; His Excellency Professor Voh Callistos Gentry, Minister of Mining, Industry and Technological Development; Her Excellency Minette Lipom Lee Liking, Minister of Posts and Telecommunications.

Discussions during these bilateral meetings focused on opportunities to increase trade and investment flows between the two countries, with an emphasis on mutually beneficial partnerships between the two business communities that can accelerate economic growth.

His Excellency Dr. Thani Al-Zeyoudi expressed his optimism about the results of the visit and meetings, and said that they show the tremendous growth prospects in the economic relations of the two countries, stressing that the two sides can generate exceptional opportunities by taking advantage of their strengths and common resources, and that the UAE is committed to remaining a reliable partner for sustainable development in Cameroon.

The visit highlighted the rapidly growing economic ties between the UAE and Cameroon. Non-oil foreign trade has witnessed remarkable growth in recent years, and its value exceeded $1.24 billion in 2024, which reflects a 2% increase compared to the previous year and a significant jump of 116% compared to 2022. The value of non-oil trade also continued its upward trajectory during the first nine months of 2025, rising to $1.14 billion, representing an increase of 25.4% on an annual basis.

Increasing cooperation between the private sectors in the two countries paves the way for long-term partnerships that achieve the interests of both parties. The UAE invests in infrastructure in Cameroon and benefits from its strategic role as a gateway to the Central African region.

As part of the UAE’s foreign trade strategy and the Comprehensive Economic Partnership Agreements Program, which the country has continued to implement since its launch in September 2021, the UAE is deepening its trade and investment ties with Africa, which translates its awareness of the continent’s huge economic growth potential.

Non-oil trade between the UAE and African countries reached $112 billion in 2024, a significant increase of 34% compared to the previous year.

As a leading global investor, the UAE has allocated more than $110 billion to Africa since 2019, confirming its keenness to foster mutually beneficial partnerships that drive sustainable growth.

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