Documente Academic
Documente Profesional
Documente Cultură
TURKISH GROUP EREN HOLDING INCREASES THE CAPITAL OF ITS CEMENT FACTORY IN CAMEROON AND RESHUFFLE ITS TEAM (BUSINESSINCAMEROON.COM)
LE PORT DU HAVRE FOURNIRA DE L’ASSISTANCE TECHNIQUE AU PORT EN EAU PROFONDE DE KRIBI (INVESTIRAUCAMEROUN.COM)
EGYPTIAN COMPANY MCV DELIVERS 100 BUSES TO CAMEROON FOR 2016 AFRICA CUP OF NATIONS (BUSINESSINCAMEROON.COM)
TURKISH GROUP EREN HOLDING INCREASES THE CAPITAL OF ITS CEMENT FACTORY IN CAMEROON
AND RESHUFFLE ITS TEAM (BUSINESSINCAMEROON.COM)
The capital of Medcem Cameroun, the cement factory built in the country
the Turkish group Eren Holding, has just moved from FCfa 10 million to 400
million through "cash contributions" from the shareholders , we learned in a
legal notice published on 18 April 2016. Though the company has kept tight-
lipped on the objectives of this recapitalisation, we can presume that it will
be used to truly launch the operations of this cement factory in Cameroon.
Indeed, after a brief appearance of the Medcem cement on the Cameroo-
nian market in October 2015, mainly in the Quifeurou chain of hardware
stores, the product then disappeared a few weeks later without any real
explanation. This short appearance of the bags of Medcem Cameroun ce-
ment on the market then suggested that the 4th cement factory (after
Cimencam of the Lafarge group, Cimaf and Dangote) of the country was
finally in operation, after postponing twice the commissioning of its produc-
tion plant in Douala in March and June 2015. In addition to the above-
mentioned injection of funds made by the shareholders of Medcem Came-
roun, the Turkish cement factory in Douala also made changes to its mana-
gement team. It is now led by Turkish Taha Abdurrahman Ozbey, who takes over the position of MD from Cameroonian Jacky Bruno
Tcheutchoua, downgraded to the position of second Deputy Managing Director. The Board is chaired by Turkish Emre Eren.
LE PORT DU HAVRE FOURNIRA DE L’ASSISTANCE TECHNIQUE AU PORT EN EAU PROFONDE DE KRIBI (INVESTIRAUCAMEROUN.COM)
EGYPTIAN COMPANY MCV DELIVERS 100 BUSES TO CAMEROON FOR 2016 AFRICA CUP OF NATIONS (BUSINESSINCAMEROON.COM)
The Egyptian ambassador in Cameroon, Sherif Salah Eldin Elleithy, recently
supported a delegation from the Egyptian company Manufacturing Commercial
Vehicles (MCV) visiting the Cameroonian Minister of Transport, Edgard Alain
Mebe Ngo’o. During the meeting, the company specialised in the manufacture
of commercial vehicles offered to deliver 100 buses to the Cameroonian go-
vernment for urban transport during the Africa Women's Cup of Nations, which
the country will host between November and December 2016. This is the 3rd
partnership offer made to the Cameroonian government in terms of urban
transit within 3 months, with 2 closely related to the organisation of the 2016
African Cup of Nations. Indeed, before MCV, who presents itself as "the first
manufacturer of commercial vehicles (bus and truck) in the Middle East and
Africa (...) with a production capacity of up to 10,000 buses per year", the
Minister of Transport has already met, in February 2016, a delegation of the
management of the Brazilian company Marcopolo. This company, who has
been working for almost 3 years now with the government on a urban transport system through BRT (Bus Rapid Transit), is planning
to take advantage of the importance of the 2016 Africa Cup of Nations to speed up its project in Cameroon. If this project is ap-
proved, "the buses will be in Cameroon by end September, to effectively contribute to the 2016 AfCON", the Brazilian ambassador
had specified at the end of the meeting. On 11 March 2016, it was the turn of the company Industrial Vehicles Corporation (Iveco),
an automobile firm based in Turin and owned by American-Italian consortium CNH Industrial, to try to court the Cameroonian ur-
ban transport sector. This was done through a service offer made to the Cameroonian Minister of
Transport, Alain Edgar Mebe Ngo’o.