Search

Cameroon Secures $148 Million Investment for Steel and Metallurgy Cluster in Douala

Subscriber only Subscriber only
  • PROMETAL Group to establish industrial complex in Bassa industrial zone
  • Project expected to boost local production, create jobs, and advance import substitution policy

Yaoundé, Cameroon – Cameroon has secured a $148 million investment from Proalu S.A., a subsidiary of the metal processing giant PROMETAL Group, to establish a steel and metallurgy cluster in the Bassa industrial zone, located in Douala, the country’s economic capital.

You need an active subscription to continue reading this article.

Recent Business

Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes
Read More »
nathana-reboucas-z300lDNWM_M-unsplash
Southern Africa’s payment system nears $1 trillion in settlements
Read More »
People traveling in a canoe in Ganvie, Benin. Photo @ Unsplash
Benin unveils record $6.7bn budget ahead of election
Read More »

Recent Politics

Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes
Read More »
Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Ivory Coast vote: Is Ouattara headed for a one-man race?
Read More »

Latest Posts

Latest news insights