Business In Africa

AEDIC visits ICM and a tomato farm in Chivasso

ICM institute for Italian-Maghreb trade AGRICULTURE DEVELOPMENT IN CAMEROON -On Monday 01/07/2019, the President of AEDIC together with the delegation comprising the Secretary General of the Cameroon Chamber of Agriculture is entrepreneurs travelled by train to Chivasso to meet the vice president Dr Souroush by ICIM - The Italian Maghreb Trade and Investment Institute.

The ICM Institute was established as a free non-profit association, whose ambition is to be a direct link between the Italian and Maghreb realities.

ICM works with leading Italian and Maghreb institutions to develop friendly relations between the two countries.

Once the Cameroon delegates arrived, they attended a presentation of the Smart Farm project and other projects for the development of the African continent.

at-growing-greenhouse- tomatoes-chivasso-camerun-delegation At the end of the meeting, they went to visit a beautiful tomato farm, which you can see in the photo, to replicate and clone the Italian experience in the world of agriculture of the CEMAC which includes several Central African states.

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AGREEMENT WITH PROMOS AND AICE IN NOVEMBER ITALY CAMEROON FORUM FOR CENTRAL AFRICA DEVELOPMENT

secretary-general-agriculture-cameroon-dott-Tanyi-Jacob-Tachot-management-promos-milan-2019-july INVESTING IN CAMEROON - On 4 July 2019, the delegation from Cameroon accompanied by the President and Vice-President of AEDIC met Dr Ivana piana in the beautiful Promos location of the Chamber of Commerce of Milan, Monza and Lodi together with the at Promos Italy.

Present at the meeting were the Secretary General Dr. Tanyi Jacob Tachot of Cameroon Chamber of Agriculture together with his assistant and wife, and a representative of the Business Woman from Cameroon is a leading entrepreneur from Cameroon and Tchad, as well as the President Louis Michel Nekam e AEDIC Vice President Roberto de Bortoli.

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Yaoundé: electricity rationing following a huge rupture causes inconvenience to the population

(Invest in Cameroon) - A large part of the population of Yaoundé city, the capital of Cameroon, now lives with alternating power outages. ENEO, the organisation responsible for electricity distribution, whose first shareholder is Actis, a major British private equity firm, released a ...

Besix Group wins contract to build Nachtigal power plant (420 MW) in Cameroon

Investing in Cameroon – Besix Groupthe Belgian construction company, announces that it has won the contract for the design and construction of the Nachtigal hydroelectric power plant in the Central region of Cameroon, with a generating capacity of 420 MW.

Belgian company Besix Group wins contract to build Nachtigal power plant (420 MW) in Cameroon

This infrastructure will increase the country's production capacity by 30%, according to the World Bankwhich is following the project through the International Finance Corporation (IFC)its subsidiary specialising in private sector financing.

Besix will carry out the work in cooperation with the French company ESN and the Moroccan VTS (General Labour Society Morocco).

The Nachtigal Hydro Power Company (NHPC), the capital of which will be divided between Cameroonian companies for 40% by EDF International, 30% by the State of Cameroon, and 30% by the International Finance Corporation, Nachtigal Hydro Power will cost about 656 billion CFA francs.

"The Nachtigal project, one of the very rare public-private partnerships (PPPs) that have emerged in the hydropower sector in sub-Saharan Africa, will accelerate the achievement of Cameroon's development goals, including poverty reduction."

Elisabeth Huybens, World Bank Director of Operations for Cameroon, said.

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World Bank approves $ 794.5 million in funding for Nachtigal dam in Cameroon

Business in Central Africa - Cameroon - The World Bank approved on 19 July, investment financing of 794.5 million (approximately FCFA 447,170 million) for the Nachtigal hydroelectric project (420 MW) in Cameroon.

World Bank approves 794.5 million in funding for Nachtigal dam in Cameroon This investment in clean energy, according to Elisabeth Huybens, the World Bank's director of operations for Cameroon, is essential to reduce the cost of electricity and ensure the competitiveness of Cameroon's economy.

" The Nachtigal project, one of the very rare public-private partnerships (PPPs) that have emerged in the hydropower sector in sub-Saharan Africa, will accelerate the achievement of Cameroon's development goals, including poverty reduction. "

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Business in Central Africa - Raubex Renovo will build a shopping centre worth USD 53 million in Douala

A modern shopping centre, complete with convention centre and cinema, will enrich the capital Cameroon's financial , Douala, by the end of 2019 thanks to the South African construction company Raubex Renovo, which is already at an advanced stage of construction.

The 45% at the Douala Grand Mall will be part of a larger development that will include a five-star hotel, offices and residential flats under construction in the near future.

"The mall and convention centre will signal to the world that Cameroon is on the move and attracts more visitors for business shopping and leisure,

says Matthys Serfontein, Head of Development at Raubex Renovo.

"Our modern planning and construction methods combine with energy-efficient design to make the shopping centre stand out significantly from its local competitors.

How big will the shopping centre be?

Its size, to begin with, is significant; it is said to be the largest commercial centre in Central Africa when completed with an area of 25,600 m2 of which 18,732 m2 retail on two levels.

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INTERNATIONAL MONETARY FUND - IMF

fr. Fonds Monétaire International-IMF; engl. International Monetary Fund-IMF; sp. Fondo Monetario Internacional-FMI; ted. Internationaler Währungsfonds-IWF. Multilateral financial organisation, with headquarters in Washington and a European headquarters in Paris, uniting 187 countries. It grants credit and technical assistance but is neither an international bank nor a ...

Investing in Central Africa - Cameroon - Immergas goes to AFRICA

Yesterday, a meeting on investment opportunities in the Republic of Cameroon was organised in Reggio Emilia by CNA Industria.

'Cameroon offers many opportunities,' the business delegates emphasised in a video conference from the capital Yaoundè, 'also in view of a major event such as the African Cup of Nations football tournament that will be hosted in Cameroon in 2019.

They are possible, since Cameroon's currency, the Central African cfa franc is pegged to the euro, business partnerships, to set up production activities and entrepreneurial training programmes. The Italian small and medium-sized enterprise system can be a model for Cameroon's development'.

immergas in africa cameroon invest Andrea Benassi, Coordinator at Immergas for International Business Development, accompanied by Sandro Zanichelli, Immergas Technical Marketing Consultant, commented positively on the outcome of the meeting.

"Immergas is not yet present in Cameroon," said Benassi, "but gas is available in the country and opportunities are opening up for air conditioning systems, for those dedicated to the production of domestic hot water (which is also needed for hospitals, schools and other public facilities). In addition ImmerEnergy can provide important know-how on renewable energy systems and energy efficiency.

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Paul Biya and Huawei agree to develop fibre optics in Cameroon

Paul biya in china for wawey signs fibre optics and IT agreement A full and satisfying state visit in the People's Republic of Chinain which President Paul Biya signed several agreements on ITC and telecommunications.

One of the highlights of this trip, which started on 26 March, was a visit to the Huawei Executive Centre. Paul Biya spoke with Peng Song, North Africa Director of Huaweiwhich examined the Chinese operator's action for the development of Cameroon's digital economy.

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