Cameroon CSPH Awards CFA7.13 Billion Douala Property Expansion Contract

Cameroon’s Hydrocarbon Prices Stabilization Fund (CSPH) has awarded ETS Mbakam a CFA7.13 billion contract to expand its income-generating property in Douala, a substantially larger intervention than the renovation and equipment work previously carried out on the Bonanjo building. CSPH Director General Okie Johnson Ndoh awarded the contract in a decision signed on September 3, 2026. The CFA7.134 billion price includes taxes and corresponds to CFA5.985 billion before taxes. ETS Mbakam will have 36 months to complete the work once it receives the official notice to proceed. The awarded amount exactly matches the estimated budget CSPH announced when it launched the tender on July 21. Financing will come from its 2026, 2027 and 2028 investment budgets. CSPH allocated an initial CFA2.418 billion tranche for 2026, with the remaining cost to be covered in subsequent years. CSPH says the project is intended to increase the building’s capacity and enhance the value of its real estate assets. The contract covers structural work, masonry and reinforced concrete, roofing, carpentry ...