Ethiopian conglomerate Ovid Holdings is exploring investment opportunities in Cameroon, according to the Cameroonian Chamber of Commerce, Industry, Mines and Crafts (Ccima).
Founded in 2013 with a capital of $15 billion, Ovid Holdings is visiting Cameroon from November 23 to 28. The group is looking at sectors such as construction, mining, infrastructure, agribusiness, and real estate.
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A key part of the visit is a business meeting on November 27, where Ovid Holdings will meet government officials, project leaders, and companies seeking investment. The aim is to match local needs with the group’s financial capacity and explore potential partnerships.
Ovid Holdings’ interest in Cameroon reflects a growing trend of African companies investing within the continent, encouraged by new markets and the African Continental Free Trade Area (AfCFTA). With its resources and experience, Ovid Holdings could play a major role in supporting infrastructure, agribusiness, and real estate projects in Cameroon.
