Cameroon Signs CFA20.5 Billion in New Investment Agreements

The Investment Promotion Agency, IPA, has signed four investment agreements and two amendments with companies operating in strategic sectors of Cameroon’s economy. According to information made public by the agency, the combined agreements have mobilized CFA20.525 billion in planned investments and projecting the creation of 424 direct jobs.

The IPA revealed that the agreements were signed recently in Yaounde with Société Camerounaise de l’Alvéole, SOCAAL SARL, in the agro-industrial sector; New Engineering Technologie Industrie and Construction, NETIC SARLU, in manufacturing; Complexe Industriel Majo du Cameroun, SOCIMC SARLU, in industry; and Peace Residence Resort SARL in tourism.

The amendments concern Résidence Hôtelière Nzakou, which obtained an extension of its investment phase in the tourism sector, and Saligny SARL. The projects, the agency noted, add fresh capital commitments to sectors targeted by government policy for industrialization, import substitution and value addition.

According to IPA officials, the agreements reflect continued investment activity by Cameroonian-owned enterprises in productive sectors and support efforts to strengthen domestic value chains and employment opportunities.

Speaking during the signing ceremony, IPA’s interim General Manager, Boma Donatus said the projects demonstrated the confidence of local investors in the national economy. According to him, the agency places equal importance on domestic and foreign investment because both contribute to economic transformation and business development. He also highlighted the importance of processing local raw materials within the country, particularly in sectors such as wood transformation, where value-added production can increase industrial output and reduce reliance on exports of unprocessed materials.

The latest agreements come as the agency pursues reforms aimed at accelerating investment procedures. Boma announced that a one-stop investment window will soon be introduced, followed by a virtual platform allowing investors abroad to submit applications online. Under the proposed system, accreditation decisions are expected within ten days.

The IPA chief also referenced the 2025 presidential ordinance that expanded investment incentives and enabled municipal councils to undertake investment projects while benefiting from incentives previously reserved for private enterprises.

Investment incentive program expands

The latest agreements add to a series of investment conventions signed by the IPA in recent months as authorities seek to increase private sector participation in economic growth.

According to figures released by the agency in May 2026, Cameroon recorded nearly CFA 1.9 trillion in realized investments and more than 16,000 direct jobs under its investment incentive program between 2014 and 2024. The assessment covered 156 companies that benefited from the scheme during the period.

The IPA further reported that 453 companies received approval under the program between 2014 and 2024, representing projected investments of approximately CFA 8 trillion and an estimated 180,000 jobs over the lifetime of the projects. Many approved investments remain under implementation and are expected to generate additional spending and employment as projects advance.

The agency has linked these results to ongoing efforts to improve Cameroon’s business climate, including reforms introduced through Ordinance No. 2025/002 of July 18, 2025, which revised the framework for investment incentives and expanded access to benefits for a broader range of investors.

Mercy Fosoh