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AUTOMOTIVE INDUSTRY : BGFIBank Cameroon Accelerates SKY MOTORS’ Industrial Ambitions

(LVDE) – On May 21, 2026, in Douala, BGFIBank Cameroon and SKY MOTORS Company CM signed a strategic partnership aimed at supporting the development of a local automotive industry. Through this alliance, the bank intends to back the expansion of the Cameroonian company and its automobile assembly plant project, amid growing efforts to strengthen industrialization and job creation in Cameroon.

Tressy CHOUENTE Publié :27 mai 2026 | Mis à jour :27 mai 2026 2 minutes lues

From right to left: Abakal Mahamat, Managing Director of BGFIBank Cameroun, and Claude Le Cœur Massoh Ndong, Managing Director of SKY MOTORS.

In Douala, the signing of the agreement between BGFIBank Cameroon and SKY MOTORS Company CM marks a new milestone in the growing collaboration between the banking sector and local industry. At a time when African economies are seeking to strengthen their productive base, this alliance reflects the increasing interest of financial institutions in companies capable of driving large-scale industrial projects.

Led by BGFIBank Cameroon’s Managing Director, Abakal Mahamat, and SKY MOTORS CEO, Claude Le Cœur Massoh Ndong, the partnership aims to support the company’s commercial expansion while accompanying its automobile assembly plant project. The stated objective is to gradually promote local vehicle production in order to make new cars more affordable for Cameroonian consumers while reducing import-related costs.

Since its launch, SKY MOTORS has reported rapid growth. After generating nearly CFAF 8 billion in revenue during its first months of operation, the company says it exceeded CFAF 20 billion in turnover in 2025 and is now targeting CFAF 30 billion in 2026. This expansion comes in a Cameroonian automotive market still largely dominated by imported second-hand vehicles. According to the African Development Bank, the industrialization of the automotive sector has become a strategic lever for African economies seeking structural transformation.

For BGFIBank Cameroon, the partnership goes beyond conventional commercial financing. The bank aims to become a key partner in SKY MOTORS’ future industrial project, with plans to significantly increase its financial support to the company. This strategy aligns with a broader commitment to supporting local private-sector growth and high value-added projects.

The planned assembly plant is also expected to generate significant economic benefits. SKY MOTORS already employs more than 120 young people and plans to create additional direct and indirect jobs as its operations expand. The company also intends to contribute to technical skills transfer and the development of local industrial expertise in the automotive sector.

Following the signing ceremony, Abakal Mahamat toured the company’s showroom, where several Jetour vehicle models and HOWO heavy-duty trucks were displayed. The visit symbolized the growing confidence placed in a Cameroonian company determined to establish itself as a leading industrial player in Central Africa.