The American businessman Mike Mason intends to invest at least 240 Billion CFA frs in Cameroon’s cobalt sector within the next four years.
The American Businessman who is the Chief Executive Officer of Geovic Mining Corporation made the announcement yesterday in an audience granted him by the head of state Paul Biya at the Unity Palace.
Accompanied to the audience by the US Ambassador to Cameroon Peter Henry Ballerine, Mike Mason expressed his intentions to exploit Cameroon’s cobalt, a strategic resource that the later has in abundance in its East region, one of the best in quality in Central Africa.
Cobalt is used in the manufacturing of telephones, aeroplanes and batteries.
According to the business mogul, this will create about 700 direct jobs, provide schools for training and colleges for technology transfer in order to develop the industry in Cameroon.
The UAE’s Crown Prince of Abu Dhabi, His Highness Sheikh Khaled bin Mohamed bin Zayed AlNahyan was in Addis Ababa…
Gilbert Machokoto, a former teacher, said that setting up a business in the late 1980s, shortlyafter Zimbabwe's independence, was ‘like…
Following elections in which the party that had ruled the diamond-rich nation for almost 60years suffered a historic setback. Botswana's…
A lightning strike at a refugee camp in Uganda kills 14 people including children with 34 othershospitalized. The incident happened…
From TV hopeful to red carpet royalty, Kuhle Adams' journey is a remarkable story of talentand perseverance. Beginning as an…
A new dawn in African football dawns as Jackline Juma is set to become the firstwoman to coach a men’s…
This website uses cookies.