Cameroon – Business: Eight industrial projects worth 32 billion CFA francs on sight.

Written by Deckson N.

The Cameroonian government has signed agreements with eight local companies, giving entitlement to the benefits provided by the 2013 law, encouraging private investment in Cameroon, which grants beneficiaries different exemptions ranging from 5 to 10 years.

Carriers of projects in sectors as varied as the manufacture of chemical products, the cosmetics industry, the food industry, the production of household soap or beverages etc., these companies will officially create 1220 jobs, for global investments Reaching 32 billion CFA francs.

According to statistics from the Ministry of Industry, before the signing of this new wave of agreements, more than 80 companies had already been declared eligible for benefits under the April 2013 law for a projected investment level of Nearly 1,000 million CFA francs.

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Deckson N.

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