for Cameroon Gaining Momentum
The assessment phase of the Renu Cameroon (RC) housing project
has concluded and the information gathered during the assessment
has provided solid basis for the project to move forward.
There is a solid demand for housing in all income segments
in Cameroon and there is opportunity to develop new mortgage
instruments that can boost homeownership for middle and high
The Renu Cameron Housing Project is an effort to build a Prefab
housing factory and 5500 sophisticated ‘green’
homes in Cameroon within the first operational phase of the
project. The Renu Cameroon project is a partnership between
Renu of Texas, Makuna International and Renu Africa. The project
will use proprietary Renu technology to produce sophisticated
US-style homes in Cameroon.
Planning has reached an advance stage for the Pilot Phase
of the project. The pilot phase includes the construction
of 4 housing estates in three sites (Yaounde, Douala and Buea)
for a total of 400 homes. Key partners have already been identified
for the pilot phase.
RC is working with financial institutions in Cameroon and
the US to facilitate the project. Investors and partners are
also being sought for both the factory and real estate components
of the project.
RC will work with investors and real estate developers who
want to construct sizeable housing estates. Homes will be
based on designs submitted by clients. RC is also developing
a plan to attract Diaspora Cameroonians to buy into the US
styled subdivisions that will be created through the RC project.
A key aspect of the Diaspora plan is developing mortgage instruments
that will leverage US salary streams and home equity assets
in the US.
Please contact Eric Makuna Tande at firstname.lastname@example.org
for more information on the RC project or the Commercial Section
of the US Embassy in Cameroon at
To Launch 3 Projects
Makuna International will announce three new projects in
2008. The First is a project that will deliver Prefab Plant
and 10,000 homes in 5 years. Makuna International will also
present a roadmap for a sea transportation service for West
and Central Africa that will involve a fleet of ferries.
Makuna International is also teaming up with municipalities
in Cameroon to launch a water drilling project that will
bring water to several hundred villages in Central Africa
over the next 4 years.