Africa Business Communities
[Cameroon] Government supports eight local companies with eye on private investment and job creation

[Cameroon] Government supports eight local companies with eye on private investment and job creation

The government of Cameroon has signed agreements with eight local companies giving 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 create 1,220 jobs, for global investments reaching $49 million.

According to 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 $1.5 billion.

www.spm.gov.cm

 

 

 

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