China says it has forgiven Cameroon about $78 million in debt. The move forms part of Chinese support to help ease economic hardship in the central African country.
The announcement was made late last week after a meeting between President Paul Biya and Yang Jiechi, a special representative of the Chinese President Xi Jinping in Yaounde.
Cameroon like most other African countries continue to turn to China for loans to largely finance infrastructure projects. Analysts have raised issues about the non-sustainability of these loans.
Governments have routinely rejected the concerns stating that the relationship was based on mutual respect for both parties. China has also provided wide ranging support to the continental bloc, African Union.
The United States got into a diplomatic spat with China over its financial dealings with Africa stating that Africa was been shackled with Chinese money.
Kindly follow us on twitter:@AfricanVoice2
