Institutional identity
A Cameroonian group (holding) bringing together several companies with complementary businesses. Its current flagship project, PROAQUI, is carried by its subsidiary ZEIAQUA-INDUSTRIE SA, a project company under incorporation.
Legal identity
Zeideal Group SAS is an OHADA (AUSCGIE) Simplified Joint-Stock Company registered with the Trade and Personal Property Credit Register of the Republic of Cameroon. It is a holding that brings together several companies with complementary businesses. Its current flagship project is PROAQUI, an integrated agro-industrial and aquaculture complex, carried legally by its dedicated subsidiary ZEIAQUA-INDUSTRIE SA (a project company under incorporation).
| Corporate name | Zeideal Group SAS |
| Legal form | Simplified joint-stock company (SAS) under Cameroonian law |
| Registered office | Yaoundé, Carrefour Ekoumdoum, BP 14740, Republic of Cameroon |
| Date of incorporation | 27 April 2021 |
| Share capital | FCFA 20,000,000 |
| President | Mr. BINGONO BINGONO Expédit |
| Chief Executive Officer | Mrs. Marie Paul BALLA |
| Project company (SPV) | ZEIAQUA-INDUSTRIE SA, dedicated PROAQUI subsidiary |
| Chief Administrative & Financial Officer | Mr. ETOA BINGONO Arthur |
| Corporate purpose | Holding — equity participations and development of structuring projects (current flagship project: PROAQUI, via ZEIAQUA-INDUSTRIE SA) |
Our vision
Through PROAQUI, its current flagship project, Zeideal Group aims to bring forth on Cameroonian soil an agro-industrial and aquaculture operator of international standard. Cameroon imports more than 200,000 tonnes of fish per year to fill the local production gap; PROAQUI is designed to structurally shape the sector, substitute a significant share of these imports, and supply the broader CEMAC region. The ambition is not to serve a market segment, but to build durable productive infrastructure in service of regional food sovereignty.
Our trajectory
27 April 2021
Notarial incorporation of Zeideal Group SAS
Authenticated before Maître Gilbert NKENE ENDONG, Notary in Yaoundé. Current share capital of FCFA 20 million. Simplified Joint-Stock Company under OHADA AUSCGIE law.
2023 → mid-2027 · ongoing
Phase 0 — Maturation
Studies, engineering and financial structuring, fully self-funded by ZEIDEAL GROUP SAS through in-kind contributions; preparatory phase through to the Phase 1 financial close (mid-2027).
June 2025
Strategic partnership with CODAM
Operational partnership with CODAM for the Mfou hatchery (owned 100% by the project company) serving the Nyong-Mfou aquaculture pole.
Q1 2026
Species validation — Oreochromis niloticus GIFT strain
Management Committee decision selecting the strain for both aquaculture-site hatcheries.
April 2026
ICERD field visit and PROAQUI Business Plan publication
Consolidated soil and limnological survey. Official Business Plan published.
Mid-2027 — Target
Phase 1 financial closing
Finalization of the Phase 1 round (equity, BC-PME and Banco do Brasil, FCFA 17.3 billion drawn at closing) and incorporation of the project company ZEIAQUA-INDUSTRIE SA.
Q3 2029
Phase 2 COD — DIR Pole commissioning
Phase 2 closing (FCFA 15.9 billion, Afreximbank sole MLA) and commissioning of the DIR Industrial Pole. Bühler feed plant (line 1) and aquaculture expansion to ≈ 159 cages.
Q3 2031
Phase 3 closing — industrial expansion
Phase 3 closing. Expansion of DIR farming and Bühler plant capacity, rollout of related animal feeds (poultry, cattle), and aquaculture expansion to ≈ 275 cages for 28,074 tonnes/year.
Q3 2033 → Q3 2035
Phase 4 — Full capacity
Consolidated production of 45,090 tpa with 417 cages (292 direct + 125 satellite) across the Mbakaou and Nyong-Mfou poles.
Sites
5,380 ha state-granted
Adamaoua Region, Dir commune (Djérem). Large-scale irrigated industrial farming (maize, soy, rice bran, oilcake) across 5,380 ha. Bühler feed plant 100,000 tpa (76 kt fish + 24 kt related). CEMAC distribution platform.
6°19'N · 12°49'E
400 km² hydroelectric reservoir. 246 AKVA Group floating cages at full capacity for ≈ 29,300 tpa. Hatchery owned 100% by the project company; on-site IQF freezing.
Akonolinga–Olama sections
Operational partnership with CODAM. Mfou hatchery owned 100% by the project company. 287 AKVA Group floating cages at full capacity for ≈ 15,800 tpa. On-site IQF freezing and negative storage, no processing.
The project in numbers
All figures below are extracted from the official Business Plan.
| Indicator | Value |
|---|---|
| Cumulative CAPEX over 10 years | ≈ FCFA 63.9 billion |
| Phase 1 — pilot | FCFA 17.3 billion (strict envelope) |
| Phase 2 — structuring | FCFA 15.9 billion (Afreximbank MLA) |
| Consolidated production Yr 10 (Phase 4) | 45,090 tpa |
| Consolidated revenue Yr 10 | ≈ FCFA 109 billion |
| Operating EBITDA Yr 10 | FCFA 28.6 billion (26.2% margin) |
| Total cages at full capacity | 417 cages (195 Mbakaou + 222 Nyong-Mfou) |
| Consolidated employment impact | 4,800 to 6,200 FTE |
| WACC | 7.8% |
| NPV (7.8% WACC) | + FCFA 77.7 billion |
| Project IRR · Equity IRR | 23.9% · 37.0% |
| DSCR | minimum 2.23x · average 4.15x |
Compliance and ethics
Zeideal Group adheres to international corporate-governance standards. The Group has a code of conduct, a documented anti-corruption policy, a grievance mechanism accessible to stakeholders, and alignment with the IFC Performance Standards 1 to 8. A process to join the United Nations Global Compact is underway.
