(Business in Cameroon) - Throughout 2016, the Fonds spécial d’équipement et d’intervention intercommunale (Feicom - Special Equipment and Inter-community Intervention Fund) will invest a global amount of FCfa 34 billion in Cameroonian local communities, we learned officially.

This sum represents 23% of the global budget of FCfa 145 billion which the bank approved for 2016.

The real community investment arm in Cameroon, Feicom's goal is to finance, within the local decentralised authorities, roads, schools and community infrastructure; supply of drinking water projects; rural electrification projects...

But, beyond community infrastructure, Feicom often finances communities' buying shares in some major projects undertaken in their respective areas.

This is the case for the Eastern region local authorities buying shares in the Batouri sugar complex project, or the Mbalmayo local authorities buying shares in the project for the construction of a cocoa processing plant.