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Cameroon’s business magnate, Kadji Defosso, dies at 95

One of Cameroon’s business moguls, Joseph Kadji Defosso is no more.

Kadji, as he was widely known, reportedly died on the night of Wednesday, August 22, breaking Thursday, August 23, 2018 at the age of 95.

Joseph Kadji Defosso

The foremost industrialist and businessman had been battling with ill health for several years before finally succumbing to death.

His last public appearance was on May 20, 2018. The businessman appeared on a wheel chair to solemnly receive from the Governor of the Littoral Region, special representative of the Head of State, a medal of the Commander of the National Order of Valour.

Exceptionally, Governor Samuel Dieudonné Ivaha Diboua, made the trip to pin the prestigious medal on the chest of the recipient at his home in the presence of an impressive audience of personalities.

By this act, the Cameroonian Government recognised this illustrious son of Bana in the West Region as a great builder of the Cameroonian economy.

Meanwhile, in its latest edition of the Top 10 Biggest Fortune owners in Cameroon, the famous Forbes Magazine, ranked “Fu’a Toula Kadji Defosso” on the tenth spot with a fortune estimated at nearly $ 205 million.

Born around 1923 in the West Cameroon Region, Joseph Kadji comes from the big Defosso family of Bana. He caught the commercial virus at a tender age. As a teenager, he displayed his talent in selling tobacco and other export products.

In Sub-Saharan Africa, he is the first African businessman to start a brewery company in 1972, when he created the Cameroon Union of Brewery (UCB). The Kadji family is one of the first to be aware of the need to maintain a pool of young talents in sports.
This is how the Kadji Sports Academy (KSA) was born in 1995.

The group’s activities include POLYPLAST, a plastics production; Société des Céréales du Cameroun (SCC): flour mill based in the port area of Douala, an insurance company: Assurances Générales du Cameroun; in real estate, the KADJI SQUARE and the CAUTIS, HIBISCUS and BAOBAB buildings enrich the heritage.

After making a fortune in the brewery industry and other activities, Kadji Defosso dabbled into politics. In 2002, he was voted Mayor of his native Bana Council, a position he occupied until his death.

Kadji’s UCB controls over 15 per cent of the country’s beer market. His demise is a great loss to the Cameroonian economy, but his footprints will forever remain in the sands of times as a nation builder.

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