Source: BUSINESS IN CAMEROON
The Cameroonian government launched the construction of 3,060 new housing units in Olembe, Yaoundé. The foundation stone was laid last December 19 by the Minister of Housing and Urban Development (Minhdu), Célestine Ketcha Courtès.
The initial pilot phase aims to build 60 housing units within nine months on a 5,000 m² space, including three buildings and a green area. The second phase will involve constructing the remaining 3,000 housing units on 20 hectares, starting in 2024 and spanning four years.
The project, entrusted to the Spanish group Pablo y Natalia Holding Group (PNHG), aligns with the government’s program to build 10,000 social housing units and develop 50,000 buildable plots. The Ministry said PNHG has a pragmatic approach to revitalizing the program and meeting the increasing demand, following less satisfactory results from previous initiatives.
The housing deficit in Cameroon is estimated at 2.5 million units. Authorities said the situation is due to demographic growth, poverty, and unemployment. To address this shortfall, the government initiated a program in 2010 to construct 10,000 units, aiming to provide access to decent housing for Cameroonians. The initial phase of this program included the construction of 1,675 homes in Yaoundé and Douala, with 500 planned for Olembe.
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