Search

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

  • 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.

Recent Business

Local market scene in Monrovia, Liberia. Photo by B. Aristotlè Guweh Jr @ Pexels
Nigeria’s inflation reversal exposes fragile recovery amid deepening global energy pressures
Read More »
Dr Cassiel Ato Forson, Ghana's Minister of Finance. Photo @ Ghana Parliament/Facebook
Has Ghana finally escaped IMF dependency after years of economic trauma?
Read More »
Cocoa farmer on the field. Photo by Charles William Adofo @ Unsplash
Ghana’s cocoa bond gamble: can Africa finance commodities without foreign banks?
Read More »

Recent Politics

Uganda opposition leader Robert Kyagulanyi, alias Bobi Wine. Photo: National Unity Platform/Facebook
What shapes the politics of Bobi Wine, Uganda’s “Ghetto President”
Read More »
South Africa President Cyril Ramaphosa hosts the G20 Summit. Photo: G20 Summit Flickr
Why South Africans are far less tolerant of migrants than before
Read More »
French President Emmanuel Macron and Prime Minister Abiy Ahmed in Ethiopia. Photo @ Abiy Ahmed/X
Macron’s Ethiopia pivot deepens Horn tensions as Addis pushes controversial Red Sea ambitions
Read More »

Latest Posts

Latest news insights