Actis and Genesis Group unveil premier cinema in Douala

21 September 2017

Investment

Actis, a leading growth markets investor, and Genesis Group have signed an agreement to bring the premier cinema to Douala in Cameroon. The five screened cinema will add to the leisure and entertainment offering at Douala Grand Mall, a retail led, mixed-use development, close to Bonapriso in Cameroon’s largest city.

Developed by Actis and local partner Craft Development, Douala Grand Mall will be part of the largest mixed use development in Cameroon with 18,000 square metres of retail and leisure space, anchored by the Genesis cinema and a supermarket. The full development, also including a business park hosting a five-star hotel and corporate offices spaces, will be a landmark touristic spot in the city that reflects the aspirations and dynamism of Douala.

The project, is expected to create over 4,500 jobs using local material and labour and has been granted tax incentives following a convention signed with the Government of the Republic of Cameroon.

Source: African Business Communities