Proparco to support Actis with US$33m for the construction of Douala Grand Mall

CAMEROON – Proparco, a subsidiary of Agence Française de Développement (AFD) which focuses on private sector development and Société Générale Cameroun are providing US$33.65 million of support to Actis the construction of Douala Grand Mall (DGM). 

DGM has been designed as a destination mall, meaning both a place of consumption and center of attraction. The mall will have a supermarket, 160 shops and boutiques, 22 restaurants and a cinema will open on 18,500 m2 of rental space.  

It will open in September and will be the first major shopping center in Central Africa. The mall is located in the immediate vicinity of the International Airport, in an urban area with 4 million inhabitants. It will have a capacity to receive up to 300,000 visitors a month. 

The construction of this shopping center will improve the city’s attractiveness, develop the surrounding areas and strengthen the fabric of the formal economy of the Cameroonian capital. 

Douala Grand Mall is expected to create over 4,500 direct jobs, including 3,200 in the construction phase, with an expected 1,200 in the operating phase. DGM is the first phase of a Business Park project that should eventually include a five-star hotel and offices.  

It will help boost the development of a real center of attraction for Douala. DGM’s stores should help improve the quality and traceability of products to ensure they comply with international requirements.

By offering products and services that meet high hygiene and quality standards and, in the longer term, contributing to structuring local food processing industries, DGM is actively involved in strengthening the fabric of Cameroon’s formal economy.  

Actis has opted for an EDGE certification process, which will increase the energy efficiency of the shopping center. In addition, a wastewater treatment unit is being built in the complex and Actis has paid particular attention to local supply for the construction, by using 25% of local materials.  

The opening of DGM is contributing to the achievement of the Sustainable Development Goals: #SDG 8 Decent work and economic growth, by creating over 3,500 direct and indirect jobs, #SDG 9 Industry, innovation and infrastructure, by developing unique facilities in Central Africa, #SDG 11 Sustainable cities and communities, by developing facilities that meet high environmental standards (EDGE certification) and #SDG 12 Responsible consumption and production, by developing a business cluster to improve the city’s attractiveness and develop the surrounding areas. 

Like many cities in Sub-Saharan Africa, Douala, the economic capital of Cameroon (4 million inhabitants), is experiencing rapid population growth, especially among the middle class, and a strong urban transformation.

Changes in consumer habits and the increase in purchasing power are giving rise to new needs for which a formal, modern and diversified offer is only just beginning to emerge.   

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