Douala Municipality takes legal action against banks over loan guarantee for market project
Douala Urban Community (CUD) filed a lawsuit on November 2, 2023, against Afriland First Bank (AFB), Commercial Bank-Cameroon (CBC), and Sicc Congo
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Douala Urban Community (CUD) filed a lawsuit on November 2, 2023, against Afriland First Bank (AFB), Commercial Bank-Cameroon (CBC), and Sicc Congo
The name change was effected by the Gov’t Delegate to the Douala City Council in a ceremony on July 12.
(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 req...
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