(Business in Cameroon) - Between 1977 (the year it was established) and 2018, state housing bank Crédit Foncier du Cameroun (CFC) has provided XAF420 billion in financial assistance to real estate projects in Cameroon. Thanks to these mortgage loans granted at subsidized rates, the beneficiaries have been able to build 85,000 homes and acquire 16,342 plots of land, the Technical Commission for the Rehabilitation of Public and Para public Sector Enterprises (CTR) reveals in its recently-published report on public companies’ 2019 performance.
According to the commission, these performances achieved over a 41-year period demonstrate that CTR’s market share in the real estate financing market is still relatively low.