On 18 May 2016 in Yaounde, the Cameroonian capital, the Minister of Housing and Urban development (MINHDU), Jean-Claude Mbwentchou, signed with the management of the Chinese company She Yong, a partnership contract to carry out a project for the construction of 3,200 low-cost housing units in Cameroon.
This partnership, according to our sources, is in reality the second phase of a project already started by this Chinese company, which is actually the conclusion of a site of 1,800 low-cost housing units in the capital of the country.
As a reminder, the deficit in low-cost housing in Cameroon is estimated to more than 1.2 million units as at 2015. As a consequence, finding accommodation in the country is more and more expensive. From this point of view, industrial engineer Gabin Babagnak, who has been working for several years on this issue, claims that Cameroonians spend half of their income on housing.