Investing in Cameroon - Since 2014, Cameroon has granted tax and customs exemptions to 157 projects with a total investment of FCFA 3 424 billion
The April 2013 law on incentives for private investment in the Republic of Cameroon, has already resulted in the signing of 157 agreements between the State of Cameroon and various promoters of investment projects in the country, reveals the Investment Promotion Agency (API). country, reveals the Investment Promotion Agency (API).
The total investments expected from the various agreements signed since 2014 are estimated at 3,424 billion CFA francs, with 55,000 direct jobs to be created, says the same source.
Recall that this law is intended to entice investors, it grants companies tax exemptions ranging from 5 to 10 years, both during installation and production.
"Thanks to the law setting incentives for private investment in Cameroon, we chose to invest in Cameroon instead of Angola or Côte d'Ivoire, which were initially earmarked for an investment of 13 billion CFA francs."
Thus stated Guillaume Sarra, former deputy general manager of the joint stock company Brasseries du Cameroun recently opened Beverages, Wines and Spirits (BVS) in Cameroon.
Thanks to this same law, the local subsidiary of the food multinational, Nestlé, recently invested 2.7 billion CFA francs in a new production line in the Bonabéri plant, a suburb of Cameroon's economic capital.
Among the beneficiaries of this law, we can also mention the British investment fund Actiswhich is currently building an 80 billion CFA francs housing and leisure park in Douala with a local partner, called Douala Grand Mall & Business Park
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