Infrastructure growth5 Jun 2018 13:46
05 June 2018
(Invest in Cameroon) - Fritz Nton� Nton� (photo), the Cameroonian government delegate to the Douala Urban Community (CUD), the super-mayor of the Cameroonian economic capital, revealed on June 4, 2018, the geography of capital of the future Metropolitan Investment Company of Douala (SMID), for which the share capital of 10 billion CFA francs, is being set up, through a public offering, whose subscription period has been extended as of July 5, 2018.
According to Mr. Nton� Nton�, in the forecasts of the CUD, which is behind the creation of this investment company, which will implement the master plan of urban planning of the economic capital of Cameroon, adopted in 2015, the SMID will be 33% controlled by state bodies (decentralized local authorities and public or semi-public companies), while 67% of the capital will be held by private operators.
The government delegate to the CUD also specifies that of the 67% that will devolve to private, 47% will return to natural persons, against only 20% for legal persons.
To create this company, which will transform the city of Douala, Mr. Nton� Nton� said rely on the contribution of the 3 million inhabitants of the economic capital of Cameroon. But the latter makes a particular eye tontines, family reunions, corporate or friendly in which circulate about 90 billion CFA francs, according to a study of the Ministry of Finance.
As a reminder, the SMID aims to raise a total volume of financing of 1 400 billion CFA francs, for the construction of infrastructure such as the multimodal bus station Bonab�ri (1.9 billion FCfa), the Urban Forest located in the valley of Bess�k� (2.29 billion), the Douala Exhibition Center (8.5 billion), modern markets, the Douala conference center, etc.
https://www.investiraucameroun.com/finance/0506-10888-pour-constituer-le-capital-de-la-smid-le-delegue-du-gouvernement-aupres-de-la-communaute-urbaine-de-douala-fait-un-clin-d-il-aux-tontines-qui-brassent-pres-de-90-milliards-fcfa