Vincent Bolloré expected in Cameroon

Business in Cameroon

Vincent Bolloré expected in Cameroon

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- Friday, 11 May 2012 07:48

(Business in Cameroon) - Sources close to Bolloré Africa logistics (BAL) in Douala reveal that the French businessmen should arrive in Cameroun this weekend.

On Sunday morning, he will meet with several African officials of the group in Yaoundé during a lunch at Hilton Hotel. On Monday morning, he will be received by Paul Biya, President of the Republic. Following this audience, Vincent Bolloré will disclose the group's next investment programme in Cameroun.

The major areas concerned by these investments include the deep-water port of Kribi, the Douala Port container terminal and the rail transport sector in Cameroon. It is worth noting that Camrail is part of its portfolio. The State intends to develop this sector by building 3000 km of railroad with China's assistance.

This trip took place virtually three weeks after the arrest of former local administration minister Marafa Amidou Yaya considered in some Yaoundé circles as close to the French businessman.

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