logoBC
Yaoundé - 08 June 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

contract-awards-surge-in-cameroon-s-public-investment-but-execution-rates-fall-behind
The Public Investment Budget (BIP) in Cameroon was executed at 74.56% in 2021, according to the National Committee for Monitoring the Physical and...
savannah-case-n-djamena-s-ambassador-returns-to-yaounde-crisis-officially-over
Chad's ambassador to Cameroon, Djidda Moussa Outhman (pictured), returns to Yaoundé today after he left his position on April 20 due to “a dispute over...
cca-bank-is-about-to-secure-a-cfa3bn-ifc-expansion-loan
Cameroonian credit institution CCA-Bank announced it has entered negotiations with the International Finance Corporation to obtain $5 million (about...
the-port-of-douala-posts-net-profit-of-cfa16bn-in-2022
The port of Douala ended FY2022 with a net profit of CFA16 billion, the Port Authority revealed. Total assets and liabilities reached CFA410 billion, with...

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 »