Cameroon – Metafrique Steel’s Indian ownership lie comes to light

Workers died in a fire at Metafrique Steel on May 1, Cameroon’s Labour Day. The article says the company, often described as Indian-owned and linked to investor Arun Goswami, is actually controlled by a Lebanese group led by Hayssam El Jammal. A document signed at a Dubai law firm on October 9, 2017, allegedly transferred Metafrique Steel’s shares to Steel Market SAL Offshore, with El Jammal signing the agreement. The article questions why the company was presented as belonging to Goswami for eight years.