(Business in Cameroon) - The Head of Communications and Public Relations at Kiro’o Games, Sorelle Kamdom, announced that the small company that alleged produced the first video game studio in Central Africa has already raised 84,000 euros (55.1 million FCfa) to launch its “Aurion” video game. In its ten years of existence, the video game has drawn from Central African culture and cosmogony. The young entrepreneur and co-founder of Kiro’o Games, Olivier Madiba (photo) hoped to launch the product by mid-2014, but everyone who has been waiting on the release will have to wait longer.
Unlike mega productions such as “Desert Storm”, “Divinity” or “FIFA 2013”, which already had financing in hand, Kiro’o Games has yet to raise the 183,000 euros (120 million FCFA) needed to complete the project. Facing investor scepticism about the project’s viability, Kiro’o Games has been struggling to reach its financing goal.
To overcome this obstacle, the small company decided to sell shares to finance its needs. This is how the project was divided into 1,000 shares of which 300 were put up for sale at the price of 610 euros per share. “We’ve already sold 140 of the 300 with 30 shareholders across the globe,” explained Sorelle Kamdom.