A share in the capital of this cement production unit, the 4th in the country, is owned by Cameroonian Emmnanuel Peughouia. In the end, FCfa 20.3 billion in total were invested by both partners in the Cameroonian economic capital, for a yearly production of 600,000 tons of cement extensible to one million tons. This partnership, which according to Emmanuel Peughouia “associates the expertise in cement production in Turkey to the Cameroonian experience in terms of distribution of building materials”, provides this businessman with the title of first Cameroonian to invest in the production of cement in his country. Indeed, for 48 years, Cimencam, subsidiary of the Lafarge-Holcim group, had a monopolistic reign over the Cameroonian cement market. This operator was followed a year later, on the Cameroonian market by Nigerian billionaire Aliko Dangote, and today by the first Cameroonian businessman: Emmanuel Peughouia.


Source:   CameroonWeb
January 12, 2017 10:43 UTC