Investment Promotion : Agency Signs Convention With Six Companies

The Investment Promotion Agency (IPA) has signed six new conventions with private investors. The General Manager of the agency, Marthe Angeline Mindja signed on behalf of the government of Cameroon while the bosses of the companies represented their respective businesses in Yaounde on June 21. The IPA General Manager disclosed that the institution had so far signed 181 conventions with investors since it went operational in 2014.
The conventions include one with CIMAF Douala SA for the construction of a cement factory worth FCFA 19 billion and likely to create 40 jobs; another with GDS Orion Solaire Ngaoundere for the construction of a 20 MW solar energy plant in Ngaoundere worth FCFA 15 billion with a possibility of creating 290 jobs.
COMIL SA was also among the six companies awarded investment incentives. The company’s FCFA 3.5 billion worth project consists of setting up a sugar production factory in Douala and is expected to create 300 jobs. SADISUC SARL’s project for the extension of its refined whi...