Cameroon: Still another fire in a market in Douala

Economy

Cameroon: Still another fire in a market in Douala

Comments

- Tuesday, 26 November 2019 14:57

(Business in Cameroon) - In the night of November 23 to 24, 2019, fire broke out at Cité des palmiers market in Douala, the Cameroonian economic capital. According to our sources, the flames burned more than 50 shops, stalls and other merchant counters.

The first research on the reasons for this disaster, in a Cameroonian market, points to a short circuit created by the anarchic electrical connections, which are recurrent practices in the country's markets.

As a reminder, the same reasons had led, in the night of February 23 to 24, 2019, to a fire that consumed more than 150 shops in the Congo market, in Douala.

BRM

Follow @investcameroun

API signs key agreements to boost investor access to economic zones

The Investment Promotion Agency (API) reached two Memorandums of Understanding with the Port Authority of Kribi (PAK) and the Mission for the Development...

Cameroun repays CFA39.8bn debt with new borrowings

On April 17, Cameroon reimbursed CFA39.8 billion on the public securities market of the Central African States Bank (BEAC). Renowned for its solvency...

CEMAC raises CFA4.336tn in 2023 public securities, CFA2.5tn less than WAEMU

In 2023, the six Cemac countries collectively raised CFA4,336.3 billion on the public securities market of the Central African States Bank (Beac),...

Cameroon minister urges african restaurants to unite on geographic indications

Fuh Calistus Gentry, the interim Minister of Mines, Industry, and Technological Development, and Country Director of the African Intellectual Property...