Nana Bouba, 6th largest fortune of Cameroon and 19th in sub-Saharan francophone Africa with a worth exceeding FCfa 184 billion (USD 310 million), according to the Forbes Africa ranking, has operated a total restructuring of his empire, by replacing the managing directors of the main companies.

The holding Nana Bouba Group, a limited liability company with a capital of FCfa 10.5 billion is now led by Mr. Abbo Amadou, while Mohamadou and Hamidou Nana Bouba, members of the billionaire's family, have each been appointed deputy General Manager.

Moreover, the latter two managers become respectively Managing Director of Azur (with a turnover of 48.5 billion in 2013), an oil refinery with a capital of FCfa 8.5 billion producing soap, margarine and vegetable oils; and of Société Alimentaire du Cameroon (SOACAM), which with a capital of FCfa 5.6 billion controls the most important supply chain for consumer goods in Cameroon. Jewel of the Nana Bouba Group, SOACAM had in 2013 a turnover of FCfa 73.5 billion.

At the same time, Nabo Beverage Company (NABCO), with a capital of FCfa 2.5 billion through which industrialist Nana Bouba started producing health drinks is now led by Hamidou Adamou, seconded by Abdoul Hakim Nana Bouba, another family member.

In addition to Azur, Mohamadou Nana Bouba has also been appointed Managing Director of Soacam Agro Industries (Sagri SA), another company owned by Nana Bouba, with a capital of FCfa 500 million. The company, which produces tomato paste under the brand name Neima, had a turnover of FCfa one billion in 2013.

For the moment, only Berni SA, created in 2012 and specialised in infrastructure works, seems to have been spared by this restructuring.

BRM