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SIC’s current rent pricing is affecting development, the CTR says
(Business in Cameroon) - The Cameroon Real Estate Corporation (SIC) has already recorded a XAF60 billion revenue shortfall because of the current rent policy, according to Ahmadou Sardaouna, director-general of the state-owned corporation. In an interview with the government daily
Cameroon Tribune, the executive revealed that the houses rented by SIC at XAF50,000 monthly have the same standing as those rented by private owners at XAF200,000. He added that because of the high revenue shortfall, SIC initiated discussions with the state to raise the rents to at least 50% of the value collected by private owners.