Cameroon Investment Agency Signs CFAF10.88 Billion in New Agreements

Cameroon’s Investment Promotion Agency (IPA) signed two investment agreements on July 17 covering projects worth more than CFAF10.88 billion and expected to generate 200 jobs.

The agreements, signed in Yaounde with Avoplus and Société Africaine de Fabrication et de Manufacture ( SAFMA) represent a combined investment of CFAF10,882,108,753, according to IPA.

At the same ceremony, the agency signed two amendments with NOFIK Hotels and Africa Development Industry. One concerns the revaluation of an existing project, while the other covers the relocation of a project site.

The agreements and amendments involve companies operating in agribusiness, manufacturing and tourism. Member of Parliament Albert Kouinche attended the ceremony, which formed part of efforts to facilitate investment projects under Cameroon’s revised investment incentives framework.

Addressing the investors, IPA Interim General Manager Boma Donatus reiterated the agency’s role in assisting companies throughout the implementation of their projects. He encouraged investors facing difficulties to return to the agency for support.

“If you have any problem whatsoever with the implementation of your agreement, come back to us,” he said. “We are here to apply what the Head of State has instructed us to implement, the 2025 Ordinance. We remain at your disposal whenever you encounter difficulties concerning the implementation of your agreement.”

Donatus also invited the companies to participate in the Cameroon Investment Forum scheduled for November.

The signing comes as Cameroon implements Ordinance No. 2025/002 of July 18, 2025, which introduced a revised investment incentives regime. The framework is aimed at improving the business climate, accelerating project approvals and expanding the fiscal and customs incentives available to investors. It also includes measures designed to shorten administrative processing times and broaden eligibility for incentives in priority sectors.

IPA has intensified efforts to attract and retain investors through awareness campaigns on the revised regime.

The projects concern sectors considered important to Cameroon’s economic diversification and industrialization. Agribusiness and manufacturing are central to the country’s efforts to increase local value addition, reduce imports and expand productive capacity, while tourism investment is expected to support hospitality infrastructure and related services.

Mercy Fosoh