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\u2013 The government\u2019s social housing construction program\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
![\"building](\"https:\/\/cameroun.yearbook-media.com\/wp-content\/uploads\/elementor\/thumbs\/building-new-house-small-e1719494457982-r3cly7zxy1q7gk7eubtxk77mej3soo9qq4hky9in06.jpg\" "\\"building")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\tThe Bank of Central African States (BEAC) predicts that the construction sector will experience a boom in 2022 thanks to the 10,000 social housing project led by the Ministry of Housing and Urban Development.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t \t\t The sub-regional bank has forecast a revitalization of activity in the sector thanks to the construction program of 10,000 social housing units currently being finalized. Indeed, Cameroon launched a government program in 2009 to build 10,000 social housing units across the country, coupled with the development of 50,000 building plots, with a pilot phase of 1,675 housing units. The project has already registered nearly 2,000 housing units in the cities of Yaound\u00e9, Douala, Bafoussam, Limbe, Bamenda, and Sangm\u00e9lima.<\/p>\n Two loans were signed in March 2017 for this gigantic real estate project, totaling just over 115 billion FCFA, between the State of Cameroon and the Italian bank Itensa Sanpaolo. <\/p>\n <\/p>\n <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t \t\t In Phase I of this project, the Soci\u00e9t\u00e9 immobili\u00e8re du Cameroun (SIC) and the Italian firm Pizarotti are building 1,224 housing units, including 224 social housing units. It is also planned to build basic community facilities and develop various roads and networks. This phase of the project will be implemented on an area of 16 hectares. A large stock of materials, machinery, and equipment dedicated to the establishment and operation of the industrial base for housing production has also been acquired. This industrial base will boost socioeconomic and industrial activity by creating a value chain driven by the installation of SMEs and SMIs, and will extend over 59 hectares. SIC ensures that the annual production capacity of the industrial base is at least 1,000 housing units and will be operated for a period of 40 to 50 years.<\/span><\/p>\n As part of the second phase of the project, scheduled for completion in 2026, 9,000 housing units are to be built in Zouatoupsi and Nkolntsam, in the Mbankomo district, also in the Centre region. The SIC-Pizarotti project is expected to boost the supply of public housing in the country. Since the end of the African Cup of Nations (AFCON), which saw the completion of numerous construction and infrastructure rehabilitation projects across Cameroon, activity in the construction sector has been slowing down. However, the latest analyses reveal that the construction and public works sector in Cameroon is expected to experience average annual growth of 7.4% until 2028. This improvement makes Cameroon the most dynamic market in the construction sector in Central and West Africa.<\/p>\n <\/p>\n <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t