Cameroon: President Biya meets the CEO of Bollore Group, agrees to a French takeover of the nation

Four years after their last meeting in Yaoundé (May 2012), President Paul Biya and Vincent Bolloré, Chairman and CEO of the Bolloré group have met again on Wednesday in the Cameroonian capital. At the end of the audience granted him by the Cameroonian dictator on Wednesday, April 6, 2016, the French investor made public a series of announcements which signaled that our nation has completely been taken over by the French.The CEO of the Bolloré Group revealed that he took stock of investments by his group in Cameroon. 

He also hinted his group intends to pursue new projects in the fields of transport and logistics, especially regarding the Kribi port industrial complex, railways, energy and culture. For the new port, Vincent Bolloré told the press that his group will be signing shortly a concession contract with the Cameroon government which will lead to the management of the container terminal at the port of Kribi.

Regarding the railway, the company "Cameroon Railways (CAMRAIL)", a subsidiary of Bolloré Africa Logistics, the French businessman promised to bring the journey time between Yaoundé and Douala -the two main cities of the country to less than three hours. Culturally, the French investor also promised to open in June, a movie theater in Yaounde, under the Vivendi-Canal + activities. In the renewable energy sector, Vincent Bolloré, revealed he plans an extension of the solar panel system inside the country, experienced with real success at the University of Yaounde I.