BDEAC Commits 31.8 Billion CFA Francs to Boost Industrial, Hospitality, and Logistics Projects in Cameroon

The Development Bank of Central African States (BDEAC) has signed financing agreements totaling 31.8 billion CFA Francs to support four major projects in Cameroon’s industrial, hospitality, and logistics sectors. The deals were concluded on August 19, 2025, in Douala, between BDEAC President Dieudonné Evou Mekou and the heads of the companies involved.

The largest financing package, 15 billion CFA Francs, was granted to the Sohaing Group’s real estate subsidiary. The group, which already owns the iconic Akwa Palace Hotel in Douala, will use the funds to construct a new high-end hotel aimed at strengthening Cameroon’s hospitality landscape.

Quiffeurou Group secured 8.95 billion CFA Francs to establish a rebar production plant in Douala. The investment marks the group’s expansion into the industrial sector, building on its strong presence in hardware distribution across Cameroon and other CEMAC countries. Quiffeurou also holds a stake in Medcem Cameroon, a cement plant developed by Turkey’s Eren Holding.

Entreprise générale industrielle SA (EGIN SA) received 5.8 billion CFA Francs to expand its cement production and storage facilities within the Douala Port industrial zone. This financing follows earlier BDEAC support, with the project’s total cost estimated at 19 billion CFA Francs.

The logistics sector also benefited, with Cargo Management Service securing 3 billion CFA Francs to develop new logistics bases, acquire 23 additional trucks, and strengthen its fleet of specialized equipment.

BDEAC stated that these investments reflect its commitment to accelerating industrial development, diversifying local economies, and supporting private sector growth. The bank also highlighted that the projects will create jobs, stimulate trade, and enhance Cameroon’s role as a hub within the Central African subregion.

Source : African Property Magazine - Cameroon, Joyceln Marigold