Cameroon at the bedside of agri-food and agroforestry

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The investment promotion agency of Cameroon (IPA) and the economic operators carrying out investment projects signed, on Monday, August 6, 2018 in Yaoundé, a series of conventions in the fields of hotels, agro-foodstuffs or even agroforestry.

These agreements allow these economic operators, who aim to invest a total of 74 billion CFA francs in Cameroonian territory, to benefit from the provisions of the law of 2013 on incentives for private investment in the Republic of Cameroon.

As a reminder, this revised law in 2017 provides investors with tax-customs exemptions ranging from 5 to 10 years, both during the start-up and production phases of their companies.

Apart from the conventions signed on 6 August last, since its entry into force in 2014, the law of 2013 on incentives for private investment in Cameroon has already given rise to the signature of 157 conventions between the State of Cameroon and various project holders, for envisaged investments, estimated at 3 424 billion CFA francs, which will create about 55 000 direct jobs in the country.

Moctar FICOU/VivAfrik

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