(Business in Cameroon) - Last March 9
th, in Douala, Fortunato-Ofa Mbo Nchama (photo), president of the Development Bank of the Central African States (BDEAC) signed a XAF1.7 billion agreement to fund a hotel project.
In the framework of that agreement, the BDEAC will provide 45% of the funds needed for the construction of the Panafrican Pacific Plazza whose funding stage is completed (according to the promoters).
With 53 rooms and other related infrastructure, the hotel that will be built in Bonapriso will boost the offer in Douala, where the hotel sector is increasingly becoming competitive with the arrival of new operators. Those operators include the Chrystal Palace owned by business mogul Samuel Foyou who is building a Chrystal Palace hotel chain, and Katara Hospitality, a Qatari investor that recently purchased Ibis hotel in Douala.