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“Infrastructure Remain Our Priority Until 2019” MAJOR PROJECTS AGRICULTURE ENERGY BUSINESS IN MINING INDUSTRY SERVICES FINANCE June 2017 - N° 52 June 2017 CAMEROON An interview with Isaac Tamba “Infrastructure remain our priority until 2019” 5 Cameroonians Flexicadastre, for a better contributing to the success management of mining data of international corporations FREE - CANNOT BE SOLD BUSINESSIN CAMEROON .COM Daily business news from Cameroon Compatible with iPads, smartphones or tablets APP AVAILABLE ON IOS AND ANDROID 3 Yasmine Bahri-Domon A bet on brilliant minds and infrastructures As much as Cameroon wishes to attract foreign has been carefully structured and planned until investors to boost its industrial production in 2020. It focuses mainly on the development sectors like agriculture, infrastructures, mining and modernization of infrastructures. It is the and to modernize other profitable industries government’s permanent leitmotiv. Based on like telecommunications, services as well as the assertions of the managing director of the help its digital economy bloom, it is important department of economy, public investment to know that many Cameroonians are the pride planning at the ministry of economy, planning of the nation, which is the leading economy and land development (MINEPAT), our readers of the CAEMC (Central African Economic and will, in the pages of this edition, get to know Monetary Community) region, heading various the major infrastructure projects being devel- renowned international financial institutions. oped in the country. They will be able to truly High executives and top technocrats, trained grasp the importance of these projects towards in the best schools, both in Cameroon and Cameroon’s emergence in 2035. In a difficult abroad, they are many, young men and women, global economic context, the country has Cameroonians, to lead multinationals. Skillful developed a plan and acquired all the necessary and competitive, these made in Cameroon instruments to boost investments. For example, brilliant minds are the stars of the firms em- the nation is working to improve power trans- ploying them and subsidiaries they lead. They mission in order to connect populations and are well-known for their leadership, expertise, companies located in the remote areas to the inventiveness, creativity and sense of innovation. national grid, and also to insure actual power In this edition of Business in Cameroon, our sufficiency. A must for true industrial develop- team introduces you to some of these icons of ment which Cameroonians are expecting, in the Cameroonian private sector. Handpicked, line with President Biya’s greater achievements these self-made men are an anchor for investors or “Grandes réalisations” programme launched interested in profitable sectors of the economy… in 2011. Cameroon’s emergence depends largely on a greater power output expected starting It cannot be overemphasized enough, the from 2018 with the delivery the Lom Pangar, human factor is a true source of development. Memve’ele, Mekin hydropower dams and many Indeed, human resources in Cameroon are similar projects. highly selective and competitive. Having rapidly understood this, the government helps the You might have guessed by now. Power is one private sector face economic challenges such of Cameroon’s main economic challenges, both as State’s roadmaps, the implementation of the in the short and medium terms. Hundreds of DSCE (Strategic Document for Growth and millions of euros are being invested in new Employment) and the three-year emergency power projects. In the present edition, asides plan, which are the three main beacons of hydropower projects, gas and thermal power investment in Cameroon. Also, public spending plants are also covered. N° 52 / June 2017 BUSINESS IN CAMEROON 4 CONTENTS FOCUS INTERVIEW 08 • Cameroonians heads of multinationals 12 • Isaac Tamba “Infrastructures are our main 09 • Elisabeth Medou Badang, a Cameroonian mark priority until 2019” within the telecom group Orange 10 • Gwendoline Abunaw, a purebred banker at the head of Ecobank Cameroun BUSINESS IN CAMEROON 10 • Freddy Tchala, at the heart of the MTN network Publisher Stratline Limited 11 • Georges Wega, first African to manage the Publication Director Senegalese subsidiary of Sociéte Générale Yasmine BAHRI-DOMON 11 • Mathieu Mandeng presides over the future of Contributors Standard Chartered Bank in Mauritius Brice R. MBODIAM, Mamadou CISSÉ. Operator Médiamania Sàrl LEADER OF THE MONTH www.mediamania.pro Design : Jérémie FLAUX, Web : Christian ZANARDI, 34 • Issa Hayatou, former Translation : Schadrac AKINOCHO, Bérénice BAH CAF and FIFA President, Advertisement [email protected] becomes Chairman of In Cameroon the Cameroon Football Albert MASSIMB, [email protected] Tel : 00 237 694 66 94 59 Academy Printing Rotimpres, Aiguaviva, Espagne Circulation STOPBLABLACAM.COM Albert MASSIMB, [email protected] Tel : 00 237 694 66 94 59 33 • Is there a Home Office tracking social Free – cannot be sold networks? www.businessincameroon.com - [email protected] BUSINESS IN CAMEROON N° 52 / June 2017 5 PUBLIC MANAGEMENT P 16-19 FINANCE P 20-21 AGRIBUSINESS P 22-24 TRANSPORTATION P 25 ENERGY P 26-27 INDUSTRY P 28 MINING P 29 TELECOM P 30 SERVICES P 31-32 N° 52 / June 2017 BUSINESS IN CAMEROON 6 THE CAST JAKOB SIDENIUS The Cameroonian Minister of Transport, Edgar Alain Mebe Ngo’o, inaugurated on 18 May 2017 in Douala, the eco- nomic capital, the 3rd gantry crane of the port of Douala. This equipment, according to Jakob Sidenius, Managing Director at Douala International Terminal (DIT), the com- pany holding the concession for the container terminal at the port of Douala, this gantry crane “complies with the highest standards in terms of environmental protection: low CO2 emission and 30% less energy consumption compared to existing equipment”. According to the Managing Director of the Autonomous Port of Douala (PAD) Cyrus Ngo’o, “this equipment sched- uled in 2008, comes today mainly because of the necessary measures and the debates which took place, regarding the geo-mechanical stability of the dockside and its capacity to bear this third crane. This technical prerequisite having been completed in 2014, the application of the bill of specifica- tions, for this tool, was set in motion”. HENRI EYÉBÉ AYISSI The Cameroonian Minister of Agriculture, Henri Eyébé Ayissi,officially launched phase 2 in the Grassfields inte- grated participative development project in the North- Western region, valued at FCfa 29.4 billion; and the Mbappit Mount rural development project in the Noun, Western region, funded with FCfa 16.6 billion. This global funding of approximately FCfa 46 billion, which represents over 90% of the funding required for the implementation of the 2nd phase in these two projects, we learned, was provided by the Islamic Development Bank (IDB). Through various supports given to producers, these two projects aim to substantially increase the production of potato, maize, oil palm, rice and cassava in the North- Western and Western regions of Cameroon, to improve farmers’ income. BUSINESS IN CAMEROON N° 52 / June 2017 7 MOHAMED ALAMINE KRISNI OUSMANE MEY Appointed as Managing Director of the Société The Inland Revenue Administration of the Cameroonian Commerciale de Banque Cameroun (SCB Cameroun) Ministry of Finance will take a new step in June 2017 in the in October 2015, Mohamed Krisni is no longer in charge process to digitise its services, through the launch of the of this local subsidiary of the Moroccan bank group electronic tax declaration for the change of ownership for Attijariwafa Bank, we learned from reliable source. He was used cars, the Minister of Finance, Alamine Ousmane Mey replaced by his compatriot Mohammed Mejbar. announced in a press release. This the 2nd Managing Director to change in this In this regard, indicates Minister Alamine Ousmane Mey, Cameroonian banking institution since the dismissal of “registering operations for the import and local sale of used Jamal Ahizoune at the end of 2015. Logically, after his ap- vehicles will be done via a teledeclaration system on the pointment as head of SCB Cameroun, Mohamed Mejbar Inland Revenue Administration website. Related payments should have also joined the Board of Directors of Attijari will be done exclusively through bank transfers”. As a re- Securities Central Africa, an asset management company minder, the Cameroonian Inland Revenue Administration created by the Attijariwafa group and based in Cameroon, launched, a few years ago, a vast modernisation process, with a scope of action covering the Central African region. which includes digitising its services. CYRUS NGO’O CHARLES METOUCK During the commissioning ceremony of the 3rd gantry On 11 May 2017, the Special Criminal Court (TCS in crane of the port of Douala, on 18 May 2017, Cyrus Ngo’o, French), a special jurisdiction set up to judge those who the Managing Director of the Autonomous Port of Douala misappropriated public funds in Cameroon, issued a new (PAD), the public company in charge of managing this port ruling of adjournment and partial dismissal in the case infrastructure, announced that a coastal navigation service State of Cameroon vs. Charles Metouck, former MD of will be established between the port of Douala and the one Société Nationale de Raffinage (Sonara) and its co-accused. in Kribi, in the Southern region. In this new case, the former MD of Sonara, who is al- In other words, the deep-water port of Kribi (whose com- ready serving two prison sentences of 9 and 15 years, is missioning has been expected for at least 2 years now) be- accused, with some of his former colleagues, and mainly ing better adapted to berth larger vessel, which is not the the Chairman of this public company, John Ebong Ngolé, of case in Douala, will directly ship some goods to the port of allegedly embezzling over FCfa 60 billion, our sources re- Douala. As a reminder, also called short distance shipping, vealed. The case follows the use by the Cameroonian legal coastal navigation consists in transferring, on smaller ves- system of a report produced by the Contrôle Supérieur de sels, goods between two close ports.
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