Home BUSINESS CAMEROON: Actis injects 80 billion FCFA in tourism.

CAMEROON: Actis injects 80 billion FCFA in tourism.

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The British investment fund Actis announced the launching, in November 2017, of the construction of a tourist center in Douala, the economic capital of Cameroon.

This project, which includes a five-star hotel, a movie theater and shopping malls, will cost 80 billion CFA francs.

The revelation was made on the occasion of the signing of an agreement between the local representatives of the investment fund and the officials of the Cameroon Investment Promotion Agency (IPA).

In addition, the state body will contribute to provide tax-customs facilities in the realization of this tourist project.

With this new investment, Actis is diversifying on Cameroonian territory, following the takeover some years ago of the assets of the American AES in the share capital of Eneo, the concessionaire of the public electricity service in the country.

Source : Financialafrik / By Ndèye Maguette Kébé