Cameroon's State Housing Company Eyes $267 Million Capital Boost to Unlock Real Estate Expansion

Cameroon's state-owned real estate company SIC plans to more than triple its share capital through the transfer of 11 state-owned land parcels valued at CFA151.82 billion ($267 million), a move designed to strengthen its financial position and support future housing developments. If approved by the relevant authorities, the operation would raise the company's share capital from CFA75 billion to about CFA226.8 billion. The transaction is based on the contribution of nearly 407 hectares of land spread across six regions: Center, Littoral, Adamawa, North, Far North, and West. A valuation table prepared for the transaction lists the size, land title, unit…

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