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Cameroon's State Housing Company Eyes $267 Million Capital Boost to Unlock Real Estate Expansion
['Business In Cameroon', 'Economie', 'Banking', 'Energy', 'Comms', 'Media', 'Law', 'Insurance', 'Public Management']
Business in Cameroon
If approved by the relevant authorities, the operation would raise the company's share capital from CFA75 billion to about CFA226.8 billion.
Instead, it would strengthen the company's share capital, asset base, and equity because the land transferred by the state had not yet been recorded on its balance sheet.
As of December 31, 2025, SIC reported share capital of CFA75 billion, shareholders' equity of CFA149.78 billion, and land assets worth CFA86.45 billion.
The planned transaction builds on a recapitalization process launched in 2020, when SIC's share capital increased from CFA1 billion to CFA75 billion.
The new transaction differs because it involves additional land transferred by the state that has not yet been recorded in the company's accounts.