logoBC
Yaoundé - 09 December 2023 -
Mining

Cameroon: Mining company Sonamines eyes the mineral water sector

Cameroon: Mining company Sonamines eyes the mineral water sector
  • Comments   -   Wednesday, 22 February 2023 16:54

(Business in Cameroon) - Cameroon’s national mining company (Sonamines) is developing a plan to grab some market share in the mineral water sector. Although more details have not yet been provided on the project, we learned from a source that the company led by Serge Hervé Boyogueno (pictured) wants to install a water production plant in Ekolkang, in the Littoral region.

The project has been in the pipeline for about a year and “I believe the feasibility studies are satisfactory,” the source said. Sonamines is entering a very competitive market dominated since 2016 by Source du Pays, which produces the brand Supermont. The market leader ended that year with about 52% market share, compared to only 36% for SEMC, the former market leader, which has since been struggling to recover.

Created on December 14, 2020, Sonamines is a company with public capital, with the State as the sole shareholder. However, according to the presidential decree creating the company, Sonamines' shareholding may be open to other public or private entities. Its mission is to develop and promote the mining sector and to manage the state's interests in this area. Hydrocarbons, which are the responsibility of the Société Nationale des Hydrocarbures (SNH), and quarries, which are to be managed by the communes per the General code of decentralized local authorities (CTD), are excluded from its remit.

BRM

president-paul-piya-wants-camtel-to-remain-a-public-entity
Cameroon’s President Paul Biya opposes the privatization of the country’s incumbent telecoms operator, Camtel. The decision was the subject of a letter...
cameroon-plans-to-build-550-new-housing-units-in-douala-and-yaounde-in-2024
Cameroon’s PM Joseph Dion Ngute announced the government’s plan to build 550 new housing units in the cities of Douala and Yaoundé next year. He was...
bvmac-introduces-its-first-market-index-the-bvmac-asi
On December 1, 2023, a committee in Douala, Cameroon, selected the name for the inaugural stock index of the Central African Securities Exchange (Bvmac),...
cameroon-s-trade-dynamics-in-eccas-opportunities-and-challenges
From 2019 to 2022, nations in the Economic Community of Central African States only captured 6.3% of Cameroon's exports, well below the 10% and nearly...

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 »