logoBC
Yaoundé - 28 March 2024 -
Public management

Cameroon: French group Duval plans investments in the real estate, microfinance, and insurance sectors

Cameroon: French group Duval plans investments in the real estate, microfinance, and insurance sectors
  • Comments   -   Monday, 14 September 2020 10:52

(Business in Cameroon) - Eric Duval (photo), the founder of French group Duval, was granted an audience by Cameroon’s Prime Minister Joseph Dion Ngute, in Yaoundé on September 10.

At the end of the audience, the founder explained that they discussed his planned investments in various sectors including residential and commercial real estate, and hotel industry.

We are planning investments, which will start in the coming months, in Douala and Yaoundé. We are also planning to invest further into the microfinance and insurance sectors,” the French businessman said.  

Let’s note that Duval is already present in Cameroon. Via Finafrica (its branch in the finance sector), it acquired majority stakes in microfinance institution Fonds Cameroun d’épargne pour le progrès (Focep) in April 2020. Also, in November 2019, the French group signed an agreement with the Port Authority of Kribi for the construction of various buildings inside the Port of Kribi.

The French firm, which has 25 years of experience and a turnover estimated at €700 million (XAF458.5 billion), employs 4,000 people.

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 »