(Business in Cameroon) - The CEO of the Bocom group (oil product distribution and industrial waste processing), Cameroonian native, Dieudonné Bougne (photo), plans to enter the iron processing business. At least, this is what was announced in an August 3, 2015 notice, which revealed the creation of the Cameroon Steel Manufacturing Company par l’intéressé.

Officially created in December 2014 with 10 million FCFA in capital, the company aims “to develop an iron plant” in Cameroon. It is led by Njontu Bogne Rostand, who is probably a member of the sector leader’s family, who first worked in sand quarries before working the docks at the port of Douala.

The Cameroonian mining code requires that at least 15% of minerals extracted from Cameroonian soil should be processed locally. It seems the Bocom CEO plans to fill this void. Indeed, the company’s acitivities in oil product distribution in recent years suggest certain success.