Two things stand out to me .....Sovereign risk...
Though Cameroon is a stable country with ostensibly democratic institutions, political power remains concentrated in the hands of President Biya and his ruling party. Like the heads of state of many neighboring countries in sub-Saharan Africa, President Biya has developed a democratic facade while maintaining effective control of most governmental institutions, Including the judiciary. Past elections have been marred by serious fraud, leading most major opposition parties to boycott the most recent elections in 1997. President Biya will be eligible for reelection in 2004.
The use of conventional processes when green is the flavor of the month and for good reason. A new process is being tested that uses 40% less energy. Process test plant passed with flying colours, Pilot plant is next then the real thing. Customers will change their buying habits so the plant will have to be adapted/changed in the future years.
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Ann: Positive Bankable Feasibility Study for Minim Martap Project, page-8
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