South West: Investment Promotion Agency Entices Investors

T he business community in the South West Region, civil society actors, local authorities and administration joined the Investment Promotion Agency (IPA) and its partners on October 29 in Limbe, to dissect the 2025 Ordinance which lays down investment incentives in the Republic of Cameroon. This was during an awareness workshop organized by the IPA to sensitize investors from both the private and public sectors on the numerous advantages offered by the government within the framework of the Ordinance No. 2025/002 of 18 July 2025. Experts from IPA, Customs administration, Taxation, and MINEPAT took turns to ex­ plain to participants the contours of the various incentives contained in the law. For example, the duty-free importation of equipment and the reduction of Value Added Tax (VAT) for a certain period of operation, among others. The acting Director-General of IPA, Do­ natus Boma, while reiterating the collec­ tive commitment to Cameroon’s economic development through the promotion of productive investments, detailed the mis­ sion of the agency which was created in 2005. He said IPA does not only want to seat Cameroon on the map of investment worldwide but also engages in dissemi­ nating information about investment op­ portunities and granting incentives to investors in strategic sectors. The IPA acting boss disclosed that since creation, the agency has identified over 4500 pro­ jects with some 424 investment agree­ ments already signed. He indicated that 150 of such projects are already func­ tional, creating thousands of jobs for Ca­ meroonian. According to him, investment incentiv...