Eight industrial projects on the horizon for FCfa 32 billion

The Cameroonian government just signed with eight local companies, agreements which gives them access to the advantages provided in the 2013 Act on promoting private investment in Cameroon, granting the beneficiaries different exemptions over a period of 5 to 10 years.

Sponsoring projects in sectors as diverse as chemical product manufacture, cosmetic industry, food industry, production of detergents or drinks, etc., these companies will officially 1,220 jobs, for global investments reaching FCfa 32 billion.

Per statistics from the Ministry of Industry, prior to signing this new batch of agreements, more than 80 companies had already been declared eligible to benefit from the advantages provided in the 2013 Act, for a projected investment of about FCfa 1,000 billion.