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Infos Business of Saturday, 30 April 2016

Source: APAnews

Cameroon earmarks FCFA2.6 bln for Kribi resort improvement

Partial view of the Kribi beach Partial view of the Kribi beach

The Cameroonian government has contracted the Chinese company Tianyuan Construction Group Ltd’ for the implementation of a CFAF 2.6 billion project for the development and electrification of Ngoye beach in the seaside town of Kribi, in the south of the country, official sources disclosed.The project will be implemented within a period of eight and a half months as from the date of notification of the contract to the company.

The seaside resort improvement initiative is part of the six-year program for the development of high potential growth sectors (PCFC).

With FCFA15 billion provided by the World Bank, the PCFC aims to boost the growth sectors such as wood processing and ecotourism.

Through training and reforms, the PCFC program also looks to enhance competitiveness and improve the business environment in those sectors.

The development of the Ngoye beach is one of the PCFC’s major projects in the field of ecotourism.

Sources added that other tourism projects are on the pipeline including “the development of ecotourism around the city of Buea in the Southwest, and the establishment of the gorilla centered wildlife tourism in Campo Ma’an National park” in Cameroon’s southern region.