On December 4, 2017, Jean Claude Mbwentchou, Cameroon’s minister of housing (MINHDU) received Tang Lezhen, General manager of China Shenyang International Economic & Technical Cooperation Corporation Limited (CSYIC), the company commissioned to build 3,200 social houses in Cameroon.
The Chinese official said 1,520 houses will be sold in 2018. About the second phase of the project for the 3,200 houses (which could increase to 3,400 according to the MINHDU), Tang Lezhen explained that the technical details are already discussed with the project manager and, it will focus on three house types: high-standing, medium-standard and social housing units.
“Jean Claude Mbwentchou explained that because Eximbank China which funded the first phase does not want to finance the second, talks are ongoing with commercial banks in this regard”. However, he disclosed neither the commercial banks involved nor the amount sought by government.
Let it be recalled that it was on May 18, 2016, that Jean-Claude Mbwentchou signed a partnership agreement for the construction of 3,200 social houses in Cameroon with the managers of Shenyang.