(Ecofin Agency) - The legal representatives of Justin Sugar Mills (JSM) a company who launched in 2012 the construction project of a FCfa 60 billion sugar complex in Batouri, in the East-Cameroon region, project which was subsequently taken away by the government in February 2015 and awarded to Moroccan Cosumar, following “malfunctions” reported in the project management; is claiming from the Cameroonian government an indemnity of GBP14.2 million, equivalent to FCfa13 billion. 

In a letter addressed to the head of state dated 29^th May 2015, JSM explains that this amount represents “the direct financial losses suffered up to date, due to the numerous hostile actions against the project”, expressly blaming the Cameroonian minister of Industry, Emmanuel Bondé.

While recalling that, in this case, the Cameroonian state is exposing itself to sanctions set out by the bilateral investment protection agreements signed with the United Kingdom and the Netherlands, the above mentioned letter seems above all to reveal that the takeover of the project by the Moroccan company Cosumar is not assured.