Real Estate in Germany
-
GERMANY, 2014/03/07
Received by the Cameroonian Housing and Urban Development Minister, Jean Claude Mbwentchou, on March 5, 2014, heads of Vital Capital Fund, a Swiss investment fund, have announced an agreement with Deutsche Bank, to finance the construction of 40,000 low-income housing units in Cameroon.
The Cameroonian State and the investment fund had already signed an agreement of this nature in October 2013 in Yaoundé. This earlier agreement included the building of 40,000 homes in tranches of 5,000 in some towns and cities in Cameroon where the low-income housing deficit is estimated to be one million units.
