(Ecofin Agency) - CEO of the Bocom group (supply of petroleum products, treatment of industrial waste), the Cameroonian industrialist, Dieudonné Bougne (photo), is considering getting into the local processing of iron. This is at least what can be construed from a legal notice published on 3 August 2015, revealing the establishment of Cameroon Steel Manufacturing Company by him.

This company, officially created in December 2014 with a capital of FCfa 10 million, is concerned with “the development of an iron processing plant” in Cameroon. It is managed by Njontu Bogne Rostand, who is probably a family member of the industry tycoon, who was an unskilled in sand quarries, before becoming dock worker at the Douala port.

For the record, the Cameroonian mining code decrees that at least 15% of ores extracted from the Cameroonian subsoil be processed locally. A gap which the CEO of the Bocom group seems to want to take advantage of, and which overlaps into the sector of supply of petroleum products where he has achieved a measure of success over the past years.