Investing in Cameroon - The World Bank has high hopes for the ongoing construction project of the Nachtigal Dam (420 MW) in Cameroon.
In a note published on 19 July, the financial institution, the financier of the hydroelectric project, explains:
"When operational, the Nachtigal dam will save the country $ 100 million per year in production costs.
Business in Central Africa - Cameroon - The World Bank approved on 19 July, investment financing of 794.5 million (approximately FCFA 447,170 million) for the Nachtigal hydroelectric project (420 MW) in Cameroon.
This investment in clean energy, according to Elisabeth Huybens, the World Bank's director of operations for Cameroon, is essential to reduce the cost of electricity and ensure the competitiveness of Cameroon's economy.
" The Nachtigal project, one of the very rare public-private partnerships (PPPs) that have emerged in the hydropower sector in sub-Saharan Africa, will accelerate the achievement of Cameroon's development goals, including poverty reduction. "
Investing in Central Africa " In terms of investment, I think Nomayos is the most important. When we go to Nomayos today, almost 200 people are working, some Chinese and many Cameroonians.Civil engineering is well advanced, a new crusher is on the site. In less than a year, Nomayos will be producing.“
This was said in an interview by Peter Damnon, former General Manager of Cameroon Cement Production (Cimencam), a local subsidiary of Lafarge, Holcim Group, who officially handed over his position to Benedict Galichet on 9 July 2018.
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.
Investing in Cameroon - Kribi - Competition between the companies will get tough over the next two years to win the management of the port of Ktribi in Cameroon.
Necotrans, the French company was declared unwelcome in 2017 by the Cameroonian authorities to operate the multipurpose terminal at the port of Kribi.
The port authority has just published a list of companies that pre-qualified before the deadline.
Investing in Cameroon - Cameroon's mobile phone penetration rate has increased by about 12% in 2005 to almost 83% in 2016 (Investing in Cameroon) - In a report on telecommunications and mobile phones has just been published, the ...
Investing in Cameroon - Mobile operator MTN Cameroon Mobile Money in this first half of 2018 seems to be one of the best telecommunications companies in Cameroon. An analysis of the South African group MTN International's financial statements reveals that the number of active customers on its subsidiary Mobile Money service ...
Investing in Africa Cameroon - Tax cuts for those investing in the country the investment promotion centre in Cameroon (Investment Promotion Agency of Cameroon - API) signed agreements with a number of economic operators implementing projects in the hospitality, agri-food and agro-forestry sectors.
These agreements will enable these operators, willing to invest CFA 74 billion in the countryto take advantage of the provisions of the 2013 law on incentives for private investment in Cameroon.
Investing in Cameroon - The PIDMA agricultural investment and market development project aimed to increase the production of maize, sorghum and cassava for the agri-food industries of the Cameroon and for which the World Bank disbursed 50 billion CFA francs will soon be added to the programme for the renewal of 190 kilometres of the country's rural roads to connect agricultural production basins to markets.
According to information gathered on 6 August 2018, during an awareness-raising seminar organised in MbalmayoIn the central region, five regions will be considered under this programme. These are precisely the centre, the south, the coast, the west and the northwest.
Cameroon grants 5 to 10 years of tax and customs exemptions to projects financed by those who invest in Cameroon Investing in Cameroon - On 6 August 2018, in Yaoundé, the Cameroon Investment Promotion Centre (Cameroon Investment Promotion Agency - ...
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