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British investment fund Actis wants to build FCfa 80 billion tourist centre in Cameroon

British investment fund Actis wants to build FCfa 80 billion tourist centre in Cameroon
  • Comments   -   Thursday, 24 August 2017 06:00

(Business in Cameroon) - The British investment fund Actis announces the launch, from November 2016, of construction works for a tourist centre in the city of Douala, the Cameroonian economic capital. This project, which includes a five-star hotel, a cinema and a shopping mall, will cost FCfa 80 billion.

This information was revealed during the signature of an agreement between the local representatives of this investment fund and he management of the Investment Promotion Agency (API) of Cameroon, a State organisation providing tax and customs preferential terms in the implementation of this project.

With this new investment, Actis is thus diversifying its activities in Cameroon, after buying, a few years ago, the assets of American AES in the capital of Eneo, the company holding the concession for the public electricity service in the country.

 BRM

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