Investment Corporation Of Douala News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Business in Cameroon) - In Cameroon, the development of the Metropolitan Investment Corporation of Douala (SMID) is being affected by leadership battles. Indeed, in a letter sent on March 10, 2021, to Fritz Ntone Ntone (president of SMID administrative board), Samuel Ivaha Diboua (governor of the Littoral region) informed that he could not agree to his request to secure the SMID’s board meeting.
In his letter, the governor informed that due to information he received, it would be unlawful for him to respond favorably to Fritz Ntone Ntone’s request. Yet he previously agreed to that request.  
Fact is, the governor backed down on his previous decision because of information about ongoing legal proceedings and the appointment of an interim administrator for SMID. Those legal proceedings were initiated because of a leadership battle that started for the management of SMID, which was established to raise funds for infrastructure projects in Douala. ....

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