As of July 2017, construction work on an ultra modern shopping mall in the neighbourhood of Ekoudou, located in the 2nd arrondissement of the city of Yaoundé, should commence. The job should be done by the first quarter of 2019, allowing brand Carrefour, market leader in retail distribution in France, to attain a foothold in Cameroon and in Central Africa.
This information has just been revealed during a signing ceremony for a long term lease contract on a site of 3.5 hectares, between the Cameroonian government and CFAO Retail, associate of brand Carrefour. Construction work costing FCfa 30 billion will be undertaken by the Société de Gestion Immobilière du Cameroun (Sogimcam).
In detail, the shopping mall that CFAO Retail and Carrefour are preparing to build in the Cameroonian capital will be made up of a hypermarket, shopping arcade, restaurant space with seating capacity of more than 400 places and a car park. This shopping mall will then be the biggest by far in Cameroon, country in which the couple CFAO Retail-Carrefour will find other French brands such as Casino, well established for decades, or also Super-U, which opened its first shopping mall in the Cameroonian economic capital in June 2015.
As a reminder, it was in the first quarter 2016 that the group CFAO announced investments totalling 500 million dollars (about FCfa 275 billion) to construct 20 shopping malls in Central and West Africa. The countries concerned with these investments are Cameroon, Gabon, DRC, Senegal, Nigeria, Ghana and Côte d’Ivoire.
Business in Cameroon