The Prime Minister, Head of Government, Chief Joseph Dion Nguté, presides this Thursday, June 24, 2021 from 3 p.m., the ceremony of laying the first stone of the construction project of the hotel and tourist complex called Hotel du Lac de la Vallée de Mingoua in Yaoundé.
In his press release announcing this ceremony, Confiance Balungeli Ebune, the Chief of Staff of the Prime Minister, Head of Government, indicated that Joseph Dion Ngute will preside over the ceremony in execution of “very high instructions from the President of the Republic” Paul Biya.
Initially, the start of construction work on the future five-star hotel and other achievements on the shores of the Lake was scheduled for 2017. The delivery of the hotel and tourist complex initially scheduled for 2019. But, four years later, construction of this large-scale project has still not started.
“On September 13, 2016, the Cameroonian Minister of the Economy Louis Paul Motaze signed a financing agreement of 25 billion FCFA with Deutsche Bank Spain, in order to begin work on the redevelopment of the lake and its surroundings. This first phase should allow the decontamination and sanitation of the waters of the water body, the installation of water sports equipment, the development of the banks, the construction of a five-star hotel, international class restaurants, a fitness center, shops, as well as the creation of a relaxation and leisure area. The delivery of the complex is scheduled for 2019, the start of work for 2017. The project is bogged down and the work is postponed indefinitely, in particular following a unilateral modification of the project on the part of the presidency. In November 2019, the municipal lake of Yaoundé has still not been redeveloped and a new loan agreement of FCFA 12 billion was signed between Cameroon and the Deutsche Bank of Spain “. Extract from an article on the subject, published by Wikipedia, which reveals what would be the reasons for the delay in the start of construction of the Hotel and Tourist Complex of the Municipal Lake.