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Tuesday, 05 April 2016

CFAO group: investments in large-scale distribution in Cameroon

CFAO group has just announced that it would soon invest USD 500 million ( about FCfa 275 billion) for the construction of 20 malls in Central and Western Africa. Countries concerned by these investments are, we learned, Cameroon, Gabon, DRC, Senegal, Nigeria, Ghana and Côte d'Ivoire. In Cameroon, our source revealed, CFAO group, to which the Carrefour brand -leader on the large-scale distribution market in France- is now associated, has already identified 5 sites on which the shopping centres could be built. In addition to contribute to the promotion of some local products, this positioning by CFAO in mass distribution in Cameroon will open the doors of the first economy of the Cemac area for its partner Carrefour.

Source: businessincameroon.com