logoBC
Yaoundé - 29 March 2024 -
Infrastructures

Cameroon: Government to invest CFA60bn in Downbeach restructuring, Limbé I

Cameroon: Government to invest CFA60bn in Downbeach restructuring, Limbé I
  • Comments   -   Wednesday, 12 December 2018 14:04

(Business in Cameroon) - The Delegate to the Minister in charge of the Economy, Paul Tasong, chaired December 11 a workshop in Limbe, southwest region, to present and validate the institutional framework of the “Limbe Left Bank Maritime Development Project”.

The latter, the minister says, is a restructuring project for the “Downbeach” area, located in the Limbé l district. The XAF60-billion facility is an ambitious project deployed over 36 hectares.

Government plans, in the coming months, to build, among other things, a 4,000-seat congress center, a museum, a hotel complex with 200 rooms and 20 suites, a 400-seat pile-supported restaurant, a nautical and leisure center, etc.

The project aims at giving a new face to Limbe, a city with enormous potential. It will ensure that the culture of Limbe can be more fully expressed and that the city weighs more in Cameroon's economy,” said Paul Tasong. Yet the time works will start was not indicated nor is the project’s financing vehicle.   

S.A

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »