SIC
Société Immobilière du Cameroun
Former names : SIC
SIC is Cameroon's main state-backed social-housing developer, active since 1952. The State holds 92.05% and private shareholders 7.95%. Its financial performance has been declining for several years even as it pursues a large housing project around Yaoundé.
- Sector
- Construction
- Ownership
- Mixed ownership
- Supervising ministry
- Ministry of Housing and Urban Development
- Founded
- 1952
- Head office
- Yaoundé
Key facts
- The Cameroonian State holds 92.049% of SIC's capital and the private sector 7.951% (source: ecomatin, 2024-11-04).
- Revenue fell from 4.407 billion FCFA in 2020 to 3.243 billion FCFA in 2023, a 36% decline over four years; the housing portfolio stood at 5,334 units in 2022 (source: ecomatin, 2024-11-04).
- SIC planned a 10,000-unit housing programme around Yaoundé, initially scaled back to a 224-unit pilot phase (source: ecomatin, 2024-11-04).