logoBC
Yaoundé - 08 December 2019 -
Diaspora

Thanks to a juicy CFA82 billion contract, Cameroonian native international basket-ball player Joël Embiid plans to invest more in his foundation

Thanks to a juicy CFA82 billion contract, Cameroonian native international basket-ball player Joël Embiid plans to invest more in his foundation
  • Comments   -   Thursday, 12 October 2017 13:41

(Business in Cameroon) - On October 10, 2017, the Cameroon’s native Sixers’ basket-ball player, Joël Embiid, spared a thought for his mother, whose birthday was on the same day, his defunct brother Arthur, whose memory forced him to succeed in basketball and his native country while he was signing the extension to his contract.

The Inquirer reported that the 76ers center wants to invest a substantial part of the revenues of his 5 years’ contract ($148 million, around CFA82 billion), in his foundation, which is managed by his parents, in Cameroon.

Over there, there’s a lot of poverty”, he said to the news website. “A lot of people don’t have a lot of stuff (…) I feel like I need to do a lot of stuff over there”, Joël Embiid stated one day after the extension of his contract.

The Cameroonian native, 23 years old and 2.3 meters, was drafted in 2014. Thanks to the juicy contract, he is granted the maximum salary based on the designated rookie scale, Eurosport highlighted.

BRM

cameroon-new-issuance-of-fungible-treasury-bills-on-beac-market
On December 4, 2019, the Cameroonian Treasury proceeded to the issuance of a 26-week fungible treasury bills on the market of the Bank of Central African...
cameroon-35-of-gas-stations-are-located-in-rural-areas-ministry-of-energy
In Cameroon, 35% of the 835 gas stations in operation as of October 28, 2019 (for the 54 state-approved companies), are located in rural areas. This was...
cameroon-increased-daily-drinking-water-production-by-96-376-m3-between-2018-and-2019
In Cameroon, the national drinking water production increased from 731,080 m3/day to 824,456 m3/day between 2018 and 2019, according to recent data from...
cameroon-safacam-plans-to-invest-xaf3-5-bln-to-extend-its-oil-palm-and-hevea-plantations-in-dizangue
In Cameroon, the Ministry of State’s Property and Land Tenure recently granted an additional 2,000 hectares of land to Société Africaine forestière et...

Mags frontpage


Business in Cameroon n81: November 2019

The growing weight of Moroccan banks in Cameroon


Made in Cameroon products gradually take over supermarkets


Investir au Cameroun n91: Novembre 2019

Le poids croissant des banques marocaines au Cameroun


Le Made in Cameroon progresse dans les supermarchés