Business

Cameroon – Companies: Seven new industrial projects will benefit from the law encouraging private investment in Cameroon

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Written by Deckson N.

The Cameroonian government has just signed agreements with seven companies with projects to benefit from the 2013 incentive law for private investment in the Republic of Cameroon.

These projects, it has been learned, will have to be implemented in sectors such as agri-food, manufacturing, wood, hotel and housing.

With a total of CFAF 94.5 billion, these new investments will create more than 2,000 jobs, bringing more than 32,000 jobs and more than CFAF 1,000 billion promises of job creation and employment and investments made by the beneficiaries of this Act since its entry into force.

As a reminder, the 2013 law providing incentives for private investment in the Republic of Cameroon grants exemptions from 5 to 10 years to companies, both during installation and production.

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Deckson N.

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