Yaoundé - 20 February 2020 -

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%.


Société Anonyme des Brasseries du Cameroun (SABC), a subsidiary of the French group Castel, indicates it recorded a consolidated net profit of about XAF16...
This year, there could be a shortage of the loincloth produced for the International Women's Day of March 8. Indeed, in an interview published on February...
Banque Atlantique Cameroun (BACM) informs that it achieved a provisional net result of XAF7.1 billion during the 2019 financial year, representing a 17%...
The former deputy managing director of the Higher Institute for Public Management (ISMP in French) is recognized in Cameroon as one of the leading experts...

Mags frontpage

Business in Cameroon n84: February 2020

Money transfer business Cameroon is on the front line

Interview: «Shifting from bureaucratic management to efficient public management»

Investir au Cameroun n94: Février 2020

Sociétés de transfert d’argent Le Cameroun au cœur de la bataille

Entretien : « Passer d’une administration bureaucratique à une gestion publique performante »