In a context of accelerating the process of decentralization and a renewed urban governance, the local Mixed Economy Societies appear to be essential. Flexibility, reactivity and even pro-activity, transparency and qualified management that characterize them, play a large part in their favor.

In this respect, they are found inall continents, with approximately 10,000 in Europe, including more than 1,000 in France. They are responsible for nearly 50% of the public investments in cities of France.

the complexity of the subject matter in Douala, results from the fact that, almost simultaneously, or within a very short time, for obtaining the facilities required to carry out the implementation of its Twon Master Pan the City of Douala must create the "Société Métropolitaine d'Investissement de Douala" (SMID) acting as an arm of the City, for its harmonious and sustainable development.

In view of this, when considering the significant financing requiredfor the sustainable development of the Economic Region, the mapping of its ownership and the proven existence of a local private savings, including the labour force of the country and of the diaspora, the legal form envisaged for the "SMID" appears to be best suited.

Concomitantly, the modern cities management requires to simultaneously move towards a wealth management of its assets and especially outsourcing of services, involving as much as possible the private sector and civil society; the context of Douala is favourable.

Given the delay accumulated by the city of Douala, concerning its current organization, which is more demanding and at the same time, the interest created by private actors, national actors and those of diaspora, in the provision of "profitable” urban services which lead to the creation of mixed economy societies of a single appeal, or multiple, even intended for the development of a sector of the city.

The environments that could be used as a referenceare:

in the Paris Region: (i) the Rungis Market (SEMMARIS), the OmnisportsPalais of Paris - Bercy, which are managed by specific Mixed Economy Societies; (ii) the Defense District (EPAD), the "Paris Rive gauche" operation (SEMAPA) around the Gared'Austerlitz and the François Mitterand Library, managed by differentMixed Economy Societies, etc.

In Bordeaux, we could mention: (i) Transports Bordeaux Métropole (TBM), in charge the Transport management in the Bordeaux urban area; (ii) "In Cité" which develops the Historic Center of the city and manages a significant rental housing stock; (iii) Bordeaux MétropoleAménagement (BMA), which is acting in town planning operation project management services in the framework of the public and private concessions model, on operations relating to specific sectors of the city: "Bordeaux-Lac" , "La Bastide" (Right Bank, ...);, "La Bastide" (Right Bank, ...);

In Strasbourg, the Strasbourg regional planning and construction agency (SERS) is the kingpin of town planning operation project management services in the framework of the public and private concessions model.

In Philadelphia, in the state of Pennsylvania in the United States of America, around the city council there are several Mixed Economy Societies in charge of the sanitation issues, mobility, urban planning, and even promotion of business opportunitiesthat the city offers. As example, we could mention the Philadelphia Civil Engineering Society, the Philadelphia Roads Department or les Cabinets Select Philadephiaor Penonni Engineering, whose the kwon-how is contributing for the benefit of the Philadelphia City Council concerning the socio-economic attractiveness of the area .

And on that note, in sub-Saharan Africa, the "PPP" - operations rather appear to be more prominent, particularly in countries such as Côte d'Ivoire and Senegal, where the measures of autonomy to create local Mixed Economy Societies, appear much smaller than in Cameroon.

By contrast, Moroccohas a high quality and crucial financial leverthrough the Caisse des Dépôtset Consignations. Where the local Mixed Economy Societies are consolidated particularly in Casablanca and Rabat, where there are companies such as: (i) " Rabat Parkings "; (ii) "Casa Patrimoine", responsible for theheritage conservation of the metropolis; (iii) "Casa Prestations"in charge of following-up and evaluating local public services; (iv) "Casa Events and Animation",devoted to promote cultural and sports activitiesfor the city as a whole, etc.

It is thus given to the City of Douala, to take advantage of the existing legal and regulatory framework,to joint forces through the "SMID", to this mode of urban development based on pooling the potential of the public sector and the private sector for the benefit of the general interest, particularly through the promotion and inclusive development of the various social, infrastructural, economic and cultural groups of the economic capital of Cameroon.

By subscribing to the public call for savings, launched since March 5, 2018 for constituting the capital of the "SMID", any Cameroonian, whatever his place of residence can have the satisfaction of having participated, contributed and accomplished a brave act in the process of implementing the Town Master plan of our economic capital by 2025.But could also profit from the financial benefits provided from this investment whose rate of return would be more substantial than a standard savings.

The mobilization and enthusiasm of all thelabour forces of the country since the beginning of this operation, testify the interest that compatriots have in this innovative cause. It was also for this reason that it was imperative to take into account the complaints of all those who, for various reasons, requested the extension of the subscription period. The Commission of the Market of Finances has just granted this request by authorizing the postponing the closure of the subscriptions previously scheduled on May 22, up-to July 5, 2018.

However, these deadlines could be shortened, if ahead of time, the capital is full constituted. This is therefore a last opportunity to take hold of with regards to the rate of available shares