Samuel Foyou to launch a new brewing company

Société brasserie Samuel Foyou, BRASAF, is the name of the agribusiness company, created July 10, 2014 to a notary in Douala, learned Ecofin agency in an advert legally published in the government newspaper.

The company, whose corporate purpose is "the production and distribution of drinking products" will be the 3rd brewing company in the country, after the Société Anonyme des Brasseries of Cameroon (SABC), a subsidiary of French group “Castel”; and the Union Camerounaise des brasseries (UCB), of the billionaire Kadji DeFosso.

With a registered capital of 100 million CFA francs, the BRASAF has no information available concerning its location or the actual launch date but is headed by a board of directors chaired by Samuel Foyou , presented as the new tycoon Cameroonian industry.

Majority shareholder of the Société Camerounaise de Fermentation (Fermencam), distillery acquired in 2006 from billionaire Victor Fotso, that claims a turnover of 12 billion CFA francs in 2013, Samuel Foyou recently announced that he will request an area of 2,000 hectares from State of Cameroon, for planting fruit trees to produce natural juice for export.

Foyou Samuel, who made his fortune through business in Congo and Angola, also owns Unalor, a matches production company also repurchased from the Fotso group in 2009, Plasticam, Sotrasel (Cooking salt production company), the Biscuit production company Samuel Foyou (BSF), and printing Moore Paragon.

This 56 year old Cameroonian trader, is currently building in Douala, the first 5-star luxury hotel from the Crystal palace chain newly created by him.