Real Estate in Cameroon
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CAMEROON, 2014/03/09
According to Omer Faruk Dogan (photo), Turkish Ambassador to Cameroon, Turkish real estate and low-gain housing investors will be disbursing a total of 360 million dollars, which is approximately 180 billion FCfa for projects in Cameroon. The Turkish Ambassador just revealed the news following a conference with the Cameroonian Minister of Urban Development and Housing, Jean Claude Mbwentchou.
From March 25-28, 2013, the Cameroonian Chief of National, Paul Biya, had led an economic mission to Turkey. Following this visit, the Ministry of Urban Development and Housing had announced the signing of an agreement to build 8,000 low-gain homes in Cameroon with help from the world’s 14th economic power’s investors. One should note that Turkish Airlines has just launched a route from Cameroon.
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GERMANY, 2014/03/07
Received by the Cameroonian Housing and Urban Development Minister, Jean Claude Mbwentchou, on March 5, 2014, heads of Vital Capital Fund, a Swiss investment fund, have announced an agreement with Deutsche Bank, to finance the construction of 40,000 low-income housing units in Cameroon.
The Cameroonian State and the investment fund had already signed an agreement of this nature in October 2013 in Yaoundé. This earlier agreement included the building of 40,000 homes in tranches of 5,000 in some towns and cities in Cameroon where the low-income housing deficit is estimated to be one million units.
