(Business in Cameroon) - On May 5, 2021, the 10th edition of the Cameroon-South Korea Economic and Energy Forum was held in Yaoundé. According to Jongham Kim, South Korea’s ambassador to Cameroon, despite the restrictive measures (travel bans notably) prompted by the coronavirus pandemic, two South Korean energy giants were present. They are notably Korea Midland Power, the state-owned company in charge of the implementation of the South Korean government’s electricity development strategy, and construction company Daewoo E&C.
Besides those giants, the Korea Trade Promotion Corporation (KOTRA) was also represented, we learn. During the forum, Cameroon’s Minister of Economy Alamine Ousmane Mey explained the importance of the electricity sector in his country’s 2020-2030 national development strategy.