On 1 January 2021, the world's largest single market opened, and the African customs union was formalised, so investing in this new market that quietly opened in 2020 as the African single market means not only making investments for an immediate economic return, but also occupying a dominant strategic position in a market that has yet to be developed.
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.
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