Senior V.P KT & CEO Olleh Africa Services after signing the Closing Memorandum to the second Shareholders Agreement previously executed in September 2013
The Government recognizes the role of private sector in bringing about socio-economic development through investments. Public-Private Partnership (PPP) frameworks provides important instrument for attracting investments. Indeed, Public-Private Partnerships (PPPs) have been identified as viable means to effectively address constraints of financing, management and maintenance of public goods and services.
They are part of the 21 earmarked for private financing by the State early this year.
Of the 21 projects the government of Cameroon in January 2013 programmed for financing and execution under the Public/Private Partnership Contracts in sectors like transport, urban development, energy and the agro-food industry, contracts have been awarded for the execution of six. Going by a release issued on June 10 and published in Cameroon Tribune on Friday June 14, 2013 by the Minister of the Economy, Planning and Regional Development, the contractors are all expatriate firms from France, South Korea and South Africa. But sources say nationals could be brought in as sub-contractors when execution begins.