Meet Cameroonian Mathurin Kamdem, the man who persuaded Actis to invest in Douala Grand Mall
In 2013, Mathurin Kamdem who spent twenty-three years at Bouygues Construction, came up with the idea to build the largest shopping centre in Central Africa.
His dreams came through today November 17th, 2020, with the opening of the largest Mall in Central Africa not far from the Douala international airport and also Cameroonian economic capital. The infrastructure is built on 18,000 m2, with 160 shops, combining commercial and leisure activities.
The Douala Grand Mall and Business Park, his very first investment, is expected to create 4,500 jobs. The second phase of the project is underway and includes the construction of a five-star hotel and an office park opposite the Mall. For this project valued at XAF80 billion, Mathurin Kamdem raised funds from the project partner British investment fund Actis. Better still, the Douala Grand Mall & Business Park, whose current occupancy rate is close to 70% (with a projection of 100% by the end of 2020), will inject a total of XAF30 billion into the local economy through various equipment purchases and service payment
Mathurin Jidjouc Kamdem, a civil engineer trained at the HEI Lille and holder of an MBA from the ESCP business school in Paris, decided to resign from Bouygues at the beginning of the 2010s. During his time with the group, he was based in Equatorial Guinea where he managed the French construction giant’s subsidiary for eight years.