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Article: CAMEROON-ECONOMY: RESORT TOWN ON BRINK OF AN INVESTMENT BOOM
- Article from:
- Inter Press Service English News Wire
- Article date:
- February 28, 1997
- Author:
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Tansa Musa
Inter Press Service English News Wire
02-28-1997
KRIBI, Cameroon, Feb. 26 (IPS) -- This small seaside resort and
port in southern Cameroon used to be considered a backwater, but
businesses are now lining up to invest in it.
Real estate developers have been moving into the town and, over
the past year, hotels, restaurants and recreational centers have
been mushrooming here.
The change in Kribi's fortunes has to do with its confirmation
in 1995 as the site of the terminal of a petroleum pipeline between
Cameroon and landlocked Chad and with the development of the Ebome
oil field, located 10 kilometers (km) from the town of 20,000
people.
"Every day my office is flooded with hundreds ...