Cameroon Adds Eight Projects Worth CFAF80 Billion+ to Investment Pipeline

Cameroon’s Investment Promotion Agency (IPA) said on September 11 that it had signed investment agreements earlier this month covering projects worth just over CFAF80 billion across agro-industry, manufacturing, tourism and industrial printing.

The agreements were signed at an IPA ceremony on September 2. Information released by the agency lists eight investment projects with a combined stated value of CFAF80.022 billion, although it says six agreements were scheduled for signature.

Millenium Industries accounts for CFAF20 billion of the planned investment. Its agro-food project is expected to create 400 jobs. Melanda Promoteur Immobilier plans to invest CFAF10 billion in tourism and leisure, with 260 projected jobs, while Central Africa United Group has earmarked CFAF8 billion for a manufacturing project expected to create 165 jobs.

Devi Agro SARL is planning a CFAF1.467 billion agro-food investment with 46 projected jobs. Obtain SARL plans to invest CFAF1.427 billion in industrial printing and create 50 jobs, while SCI KRI Aqua Resort has a CFAF1.128 billion tourism and leisure project expected to generate 51 jobs.

Employment projections for those six projects total 972 jobs. The list also includes Quantum Cocoa, with a stated CFAF18 billion investment in agro-food processing, and Industrie de Transformation et de Négoce (INTRANE), which plans a CFAF20 billion manufacturing investment. Employment projections for those two projects were not stated in the information released by the IPA.

The projects add to a much larger pool of investments approved under Cameroon’s investment incentive regime. According to figures later clarified by the IPA, 453 companies were approved between 2014 and 2024, representing nearly CFAF8 trillion in planned investment and about 180,000 projected jobs. A mid-term assessment covering 156 of those companies found that they had invested nearly CFAF1.9 trillion and created more than 16,000 direct jobs. The IPA said a definitive assessment of the full portfolio could only be made once the companies had completed their investment cycles.

Cameroon revised its investment incentive framework through Ordinance No. 2025/002 of July 18, 2025, which was later ratified in December 2025. Under the revised system, the IPA serves as a one-stop shop for investors seeking access to investment incentives and related administrative support. Interim General Manager Boma Donatus said earlier this year that the framework gives the agency 10 days to review and decide on applications for investment incentives.

Donatus has also repeatedly said the agency is prepared to assist investors during project implementation. At another agreement signing in July involving more than CFAF10.88 billion in planned investment and 200 projected jobs, he urged companies facing implementation difficulties to return to the IPA for assistance.

At the September 2 signing, Donatus reiterated the government’s position that domestic and foreign investors should receive equal treatment. “To our Chinese friends, I am happy you have made Cameroon a good destination for your investments. We don’t discriminate between foreign and local investors. So, your investments are welcome,” he said.

Cameroon’s investment incentive framework applies to both domestic and foreign investors and is intended to promote productive investment, increase national production and support job creation.

Mercy Fosoh