Cameroon's hospitality and tourism sector is attracting U.S. financing

YAOUNDE, Cameroon - Jan. 20, 2023 - PRLog -- Like the majority of African countries, Cameroon remains relatively unknown to the general public. Many travelers still have a confused image of the typical features among tourist continental destinations. The country is full of melting and contrasting views, which provide tourists with a unique spectacle. In Africa, Cameroon represents a country of its own, enriched with a cultural diversity. This exceptional heritage offers a mosaic of cultures for the satisfaction of all tourist expectations.

T'S Corporation Group SA a holding company in Cameroon signed an agreement with Ascott Limited a Singapore company for the development and operation of a five star hotel in Yaoundé. The project's development cost, which will include residential and commercial amenities and entertainment, is valued $30million USD. The construction is expected to start in February 2023, financing was secured by Joseph Sassoon Group a U.S. based investment and merchant bank based in New York through a guarantee from Export-Import Bank of the United States (EXIM-Bank).