logoBC
Yaoundé - 09 May 2024 -
Trombinoscope

Samuel FOYOU, the Jack-of-all-Trades billionaire

Samuel FOYOU, the Jack-of-all-Trades billionaire

(Business in Cameroon) - Discreet billionaire Samuel Foyou inaugurated the first 5-star hotel of his Chrystal Palace chain in Douala in late 2021. A year later, he launched Brasaf (Brasserie Samuel Foyou), formerly Cameroon’s 4th brewery before Castel bought Guinness Cameroon's assets. Besides recent investments, this entrepreneur, who amassed his wealth through trade in Congo and Angola, controls a multidimensional empire. He notably controls the Cameroonian Fermentation Company (Fermencam), a distillery acquired in 2006 from the late billionaire Victor Fotso. His business portfolio includes Unalor, a match production company also acquired from the Fotso group in 2009, Plasticam, Sotrasel (producing table salt), Biscuiterie Samuel Foyou (BSF), Moore Paragon printing press, and First Industry Cosmetics (Fico Industry). On March 20, 2023, he received approval from the banking sector regulator in the CEMAC region, COBAC, to launch Africa Golden Bank, Cameroon's 19th bank.