Douala Tech Park Company Formed With Startup Fund Mandate

Former Afriland First Bank CEO Alphonse Nafack has established a dedicated company for Douala Tech Park, giving the technology center a corporate structure whose mandate includes creating an investment fund for early-stage technology companies. Douala Tech Park, or DTP, was incorporated through documents dated February 23, 2026, as a simplified joint-stock company, or SAS, with CFA5 million in share capital, according to a legal notice. Nafack was appointed president of the company. The new company can conduct research and development, create technology platforms, protect innovations through patents and support young companies through incubation and acceleration programs. Its corporate purpose also provides for the creation of an investment fund for early-stage technology companies. That provision, however, does not mean the fund already exists. The legal notice reports no formal establishment of the fund, committed investors or capital raised. It also provides no indication of how much money could eventually be allocated to it. The CFA5 million figure represents the share capital of the newly incorporated company and should not be interpreted as the budget ...