Economy

Traders at Buea central market urged to make use of new modern structure

Traders at the Buea Central Market have begun using a new modern structure for their business activities. Inaugurated just two days ago, on June 5, 2025, by Minister of Decentralisation and Local Development Georges Elanga Obam, the market now features 26 blocks of closed stores and two blocks of 76 open stores. This first phase of construction, funded by the German Development Bank (KFW) through FEICOM, cost over 605 million FCFA.

Construction started in 2020, with the initial phase focusing on-site preparation and external works, while the second phase involved the actual building of the market.

Minister Obam emphasized the importance of utilizing this infrastructure to enhance the lives of the local population. Buea Mayor David Mafani Namange noted that the new market would improve livelihoods and help generate council revenue.

Due to its relative calm amidst the Anglophone crisis, Buea has seen a significant population increase from internally displaced persons. In light of this, the mayor appealed for more government support and announced the council’s plans to construct three additional blocks of closed shops, each containing 26 stores.

This new project will cost over 200 million FCFA, with 100 million FCFA coming from the Ministry of Decentralisation and Local Development’s annual support to councils.

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