The Hayssam El Jammal Group, one of Central Africas industrial players led by Franco-Lebanese industrialist Hayssam El Jammal, is set to launch a 150 million project to develop an integrated metallurgical sector in Cameroon. The initiative aims to cut reliance on imported metals while supporting local industry and job creation.
The project , called ProAlu, will be located in Doualas industrial zone. The group has secured 22 million 25.9 million in financing from Proparco, the private sector arm of the French Development Agency, with additional support from Afriland First Bank, Socit Gnrale Cameroon, and BGFI. Hayssam El Jammal said the project reflects the groups commitment to boosting Cameroons industrial capacity and regional economic growth.
Expanding domestic capacity