BGFIBANK CAMEROON : A pillar of local industrialization with the Proalu project
La voix des entreprises 
Signing and exchange of signature folders between Abakal Mahamat, Managing Director of BGFIBank Cameroon, and Hayssam El Jammal, CEO of the Prometal Group
(LVDE) – On September 12, 2025, BGFIBank Cameroon marked a decisive step in the country’s industrial development by participating in the signing of financing agreements and the groundbreaking ceremony for the Proalu plant, an ambitious aluminum processing project.
At the dawn of a new era for Cameroon’s industrialization, BGFIBank has established itself as a key player in local economic development. On September 12, 2025, the bank played a central role during a ceremony marking the signing of financing agreements and the laying of the foundation stone for the Proalu plant. Presided over by Prime Minister Chief Dr. Joseph Dion Gute, this event laid the foundation for a major project that promises to transform the country’s industrial landscape.
Proalu, a subsidiary of the Prometal Group, is part of a strategic initiative to reduce raw material exports and boost local production. With an investment of CFAF 88 billion, the plant will be capable of producing 30,000 tons of aluminum coils and 30,000 tons of pre-coated coils annually, while also offering a range of derivative products. In addition, it will generate 8,000 tons of electrical cables each year, meeting a crucial need in the local market.
As Co-Arranger Bank and Agent Bank, BGFIBank Cameroon contributed CFAF 15.55 billion to secure the project’s financial closing. This involvement highlights the bank’s commitment to supporting local enterprises in key sectors such as agro-industry and local processing. Thanks to its extensive network across the national territory, BGFIBank positions itself as a partner of choice for entrepreneurs and young people looking to develop their projects.
The impact of Proalu extends beyond production. The industrial complex is expected to generate around 1,500 jobs, including 450 direct positions, thereby improving the living conditions of local populations. Furthermore, nearly CFAF 10 billion in taxes and duties will be paid annually to the state, reinforcing the industry’s contribution to the national economy.
The bank has also established partnerships with local companies such as Africa Processing Company (APC) and Stricam to strengthen their capacities and support their growth. By assisting these businesses, BGFIBank aims to enhance the value of Cameroonian products and encourage the local economy.
This commitment is part of the broader vision of the BGFIBank Group, which seeks to strengthen the growth and profitability of its subsidiaries while contributing sustainably to the development of the countries where it operates. With 22 branches and numerous withdrawal points across Cameroon, BGFIBank strives to provide accessible financial services to a wide audience, thereby helping to fight poverty.
The Proalu project, supported by BGFIBank, represents a major step forward for Cameroon’s industrialization and self-sufficiency. By processing aluminum locally, this project not only advances economic development but also embodies a forward-looking vision where innovation and local entrepreneurship are at the heart of growth. Through such initiatives, Cameroon moves closer to achieving its goal of a strong, sustainable, and inclusive economy, where every citizen can aspire to a better future.
Esther Grace
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