Business News of Saturday, 15 October 2016Source: crtv.cmCar assembly plant to go operational in CameroonA car assembly plantGovernment encourages this initiative as a means of ensuring the quality if cars that ply the roads in Cameroon. Technicians from Matgenie, the company carrying out the project updated the Minister on its execution rate. That first phase expected to be delivered within a four months time frame has already witnessed an eight per cent execution rate. It is worthnoting that the 27 hectare car assembly factory has been set up in Bonaberi by the Indian Subsidiary, Cameroon Automobile Industry Company, CAIC. The government and CAIC signed the deal for projects in Douala and Kribi on 11th June 2015

Source: CameroonWeb October 15, 2016 12:20 UTC