logoBC
Yaoundé - 19 March 2024 -
Business

Cameroon: Société nationale d’investissmement to create subsidiary in real estate

Cameroon: Société nationale d’investissmement to create subsidiary in real estate
  • Comments   -   Thursday, 24 April 2014 02:53

(Business in Cameroon) - On April 21, 2014, the Managing Director of Société nationale d’investissement (SNI) in Cameroon, Yaou Aïssatou, published a call for expressions of interest for “specialised consultants” for pre-selection to sit on the advisory commission for the “organisation of SNI’s real estate subsidiary”, a company that is the right hand of the Cameroonian State in the area of public entrepreneurship.

Holder of the State’s shares in several private and public companies in the country, Ms Yaou explains in the above mentioned document that the SNI “is planning to invest in real estate in Yaoundé and Douala in order to develop its real estate activity, to increase its land ownership and better manage the park that is already in existence.” Interested consultants are invited to submit their application no later than June 12, 2014 to the SNI’s Directorate of Real Estate Operations in Yaoundé.

The SNI real estate subsidiary currently being created will find in the real estate sector another public company, Société immobilière du Cameroun (SIC), which has built  around 11,000 housing units since independence, thus helping to reduce the country’s housing shortage which stands today at one million.

cameroon-extends-tax-payment-deadlines-amid-nationwide-internet-outages
The Cameroonian Ministry of Finance announced the extension of the tax filing and payment deadlines by a week, pushing the due date from March 15 to March...
cameroon-businesses-see-surge-in-bank-lending-in-q2-2023-despite-beac-s-tight-policies
Banks and financial institutions operating in Cameroon provided businesses in the country with loans totaling CFA1,311.6 billion between April and June...
air-liquide-sells-assets-in-12-african-countries-including-cameroon
French industrial gas giant Air Liquide announced yesterday it has sold its operations in twelve Sub-Saharan African countries to the investment firm...
undersea-cable-issues-disrupt-internet-in-cameroon-and-beyond
Internet access in Cameroon has been disrupted since the morning of March 14, 2024, following incidents involving two undersea cables. The Mobile...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »