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Cameroon – Energy: After the cosmetic and food industry, industrialist François Nana Djimou goes into the distribution of oil products

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Written by Deckson N.

Tank’Oil Company SA. This is the name of the new company just launched by Cameroonian industrialist François Nana Djimou. With an initial capital of FCfa 100 million, thus the oil company will be specialised, according to its purpose, in “distribution activities for oil, its derivatives and in general, hydrocarbons and chemical products or others”.

The same purpose specifies that Tank’Oil, whose board is chaired by Yvette Tchatchang épouse Djomou, will also be into “the import, export, aviation bunkering, storage, packaging, processing, transport and other operations in relation to the trade and industry of these products and substances, etc.

Already present in the cosmetic industry with Biopharma, a company in expansion in Central and Western Africa, François Nana Djomou is certainly committed to a strategy of diversification of his activities.

Indeed, after his entry on the food industry market some years ago with his cooking stock under the Jumbo brand, which is giving competition to the Maggi cube from Nestlé on the Cameroonian market; this industrialist is also planning to launch Elim Beverage and Food SA, a fruit juice production unit.

This project worth a total of FCfa 17 billion, to be undertaken with Spanish partners, was recently declared eligible to benefit from the advantages provided by the 2013 law on private investment incentive in the Republic of Cameroon.

About the author

Deckson N.

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