5500-Home Project for Cameroon Gaining Momentum
The assessment phase of the Renu Cameroon (RC) housing project has concluded and the information gathered during the assessment has provided solid basis for the project to move forward. There is a solid demand for housing in all income segments in Cameroon and there is opportunity to develop new mortgage instruments that can boost homeownership for middle and high income Cameroonians.

The Renu Cameron Housing Project is an effort to build a Prefab housing factory and 5500 sophisticated ‘green’ homes in Cameroon within the first operational phase of the project. The Renu Cameroon project is a partnership between Renu of Texas, Makuna International and Renu Africa. The project will use proprietary Renu technology to produce sophisticated US-style homes in Cameroon.

Planning has reached an advance stage for the Pilot Phase of the project. The pilot phase includes the construction of 4 housing estates in three sites (Yaounde, Douala and Buea) for a total of 400 homes. Key partners have already been identified for the pilot phase.

RC is working with financial institutions in Cameroon and the US to facilitate the project. Investors and partners are also being sought for both the factory and real estate components of the project.
RC will work with investors and real estate developers who want to construct sizeable housing estates. Homes will be based on designs submitted by clients. RC is also developing a plan to attract Diaspora Cameroonians to buy into the US styled subdivisions that will be created through the RC project. A key aspect of the Diaspora plan is developing mortgage instruments that will leverage US salary streams and home equity assets in the US.

Please contact Eric Makuna Tande at contact@makunainternational.com for more information on the RC project or the Commercial Section of the US Embassy in Cameroon at yanajp@state.gov.

Makuna International To Launch 3 Projects
Makuna International will announce three new projects in 2008. The First is a project that will deliver Prefab Plant and 10,000 homes in 5 years. Makuna International will also present a roadmap for a sea transportation service for West and Central Africa that will involve a fleet of ferries. Makuna International is also teaming up with municipalities in Cameroon to launch a water drilling project that will bring water to several hundred villages in Central Africa over the next 4 years.