23, April 2024
Douala: Investment Forum wraps up with honors for investment champions 0
The 4th edition of the Cameroon Investment Forum (CIF), hosted by the Investment Promotion Agency (API), concluded on April 19 in Douala with the “Investors’ Night.” During this event, seven companies, administrations, and institutions were honored for their contributions to promoting investments in Cameroon. Shinwinsoh Boma Donatus, the acting CEO of API, kicked off the awards ceremony by presenting the Best Investment Advisory Firm in Cameroon award to the Cameroonian firm JMJ Africa.
Led by Cameroonian legal expert, banker, and financier Patrice Yantho, JMJ Africa has played a key role in major investment projects in Cameroon in recent years. This includes involvement in projects like the construction of cocoa processing plants Neo Industry and Atlantic Cocoa, the Douala Grand Mall, the Pafic soap factory, and the Novia Industries plant, a producer of refined oil, soaps, and other food products based in the Douala-Bonabéri industrial zone. JMJ Africa, which was also involved in the Société International de ciment (SIC) project being developed in the Kribi industrial port zone and owned by Ivorian billionaire Kone Dossongui, is also advising steel giant Prometal Groupe.
Prometal Groupe, the leader in steel processing in Central Africa, received an award at the ” Investors’ Night “. Founder Hayssam El Jammal received the Foreign Investment Champion Award in Cameroon. With a long-standing presence in the country, Prometal Group currently operates six factories (three built in the last five years) for steel processing and agro-food product manufacturing in the industrial zones of Bassa and Bonabéri (Douala). The group is currently finalizing plans for Proalu, its 7th factory, dedicated to aluminum processing.;
Cameroonian businessman Albert Kouinché was awarded the National Investment Champion Award. As the founder of Express Union, a company dominating the domestic money transfer market with a presence in the Central African sub-region, Albert Kouinche is currently leading an industrial aquaculture project (Fish&Co), aiming to reduce Cameroon’s heavy reliance on imported frozen fish. As a shareholder of Banque Atlantique Cameroun, this investor also controls the Cameroonian Equipment Company (SCE), a financial institution providing credits to clients for purchasing goods and small household equipment.
Ecogreen was honored with the Innovation in Investment Award. Specializing in plastic waste recycling, this company is led by Nassrallah El Sahely, who also heads Source du Pays, a leading mineral water brand. Cameroonian bank Afriland First Bank, a market leader ahead of foreign multinational subsidiaries, received the award for Best Financial Institution in Investment Support.
In addition to private entities, a public administration, and an international institution also received awards during the event. The General Directorate of Customs at the Ministry of Finance received the award for Best Institutional Support, while the United Nations Industrial Development Organization (UNIDO) was honored as the Best Development Partner.
Source: Business in Cameroon
23, April 2024
Southern Cameroons refugees in Nigeria receive farm seedlings 0
In a major move to alleviate the plight of Southern Cameroon refugees in Cross River State, an organization, Biakwan Light Green Initiative (BLGI) has donated farm seedlings, food items and clothing to the refugees.
The benefitting refugees who are seeking safety in the Cross River have formed a significant population in the Biakwan community of the Boki local government area due to the ongoing conflict in the country’s southern region.
Presenting the items, The Executive Director of BLGI, Mr. Peter Bette said the idea of the support was to reduce pressure on the community forest.
In addition to this, the support will also provide livelihood to women, and enhance capacity through training to secure women’s rights and food security pool.
Odey Oyama, a conservationist, commended the environmental group for the initiative stating that empowerment would serve its purpose.
He encouraged the displaced persons to key into the programme as Nigeria and Cameroon share a complex and dynamic diplomatic relationship.
The Board Chairman of NGO Coalition for Environment (NGOCE) Dr. Odiga Odiga urged the refugees and some of the community members who also benefited to take of the opportunity and ensure they engage in all activities.
The renowned environmentalist assured the beneficiaries that the project would promote sustainable agriculture and agroforestry like planting indigenous fruit trees and home gardens to enhance biodiversity, and mitigate climate change.
The Town Council Chairman Mr. Joseph praised BLGI and pledged his support for the project, noting that it would strengthen collaboration and foster relationships between the refugees and the host community.
Responding to the gesture, the leader of the refugees, Elder Ben Kachi appreciated the team for the gifts and support.
Source: Sunnewsonline