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Cameroon: BDEAC and Commercial Bank Cameroon invests XAF4.5 bln in the construction of a 4-star hotel in Douala

Cameroon: BDEAC and Commercial Bank Cameroon invests XAF4.5 bln in the construction of a 4-star hotel in Douala
  • Comments   -   Monday, 08 July 2019 16:00

(Business in Cameroon) - The development bank of central Africa, States Banque de développement des États de l’Afrique centrale (BDEAC) and Commercial Bank Cameroon (CBC) recently invested XAF4.5 billion in the construction of a 4-star hotel in Bonapriso, Douala.

According to information provided by the BDEAC, this co-funding will help B&B Investment SAS, the project’s carrier, build a lodging establishment containing 125 standard rooms, 5 rooms for disabled people and 20 suites. It also indicates that the project will boost Cameroon’s GDP and reduce unemployment by creating 122 direct jobs during its execution phase and 156 direct jobs during the operation phase.

BDEAC reveals that the construction of this hotel falls within the framework of one of the axes of the government’s national priority. This axis consists in attracting tourists and increasing the tourism sector’s contribution to GDP from 6.8% to 10%.

S.A

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