Economy

IPA inks six deals to expand investment portfolio.

by Mercy Fosoh
24 Nov 2025 15:39
1541 views

Interim IPA GM, Boma Donatus, (R) & investors’ representative after inking deal

The Investment Promotion Agency, IPA, has signed five new investment conventions and one addendum with six companies operating in the industrial and agro-industrial sectors.
The agreements were formalised recently in Yaounde, by the Interim General Manager of the IPA, Boma Donatus.

It marks a new addition to the agency’s investment portfolio.

According to information made public by the IPA, the companies involved include; Capital Ciment, the Cameroon Salt Purification Company, SOCAPURSEL, the African Company for Industrial Distribution and Promotion, SADIPIN; the Cameroon Wheat Processing Company, SCTB; Africa Process Company, and Eco-Green.

The IPA stated that the agreements are aimed at boosting job creation, strengthening domestic production, advancing environmentally responsible operations, and increasing the country’s overall industrial capacity.

The deals come as the IPA continues to expand access to Cameroon’s investment incentive system. It follows recent measures allowing public enterprises to apply for accreditation.

On October 16, 2025, the Interim Director General issued a Directive outlining the documents required from investors seeking incentives under the broadened framework.

The new directive aligns with an Ordinance issued on July 18, 2025, which extended the 2013 investment incentives regime to include public enterprises.

Under the updated process, applicants are required to submit five physical copies and one digital version of their file, including a stamped application letter, a registration certificate, feasibility studies, a financing plan, and an environmental and social impact assessment.

IPA interim GM (middle), others pose for group photo after signing agreements

Extension projects must also provide tax clearance documents, CNPS certificates, and project location plans. The IPA now has a maximum of 10 days to review submissions, reducing the previous three-month processing period.

The broadened framework expands the list of eligible sectors in line with Cameroon’s National Development Strategy 2030.

Incentives are now open to agriculture, livestock, fisheries, trade, digital processing, artificial intelligence, and the automotive sector. These changes accompany a new investment bill currently before Parliament.

The Minister of Economy, Planning and Regional Development, Alamine Ousmane Mey, presented the Bill on November 12, 2025, indicating that 424 agreements were signed between 2013 and 2025, representing commitments of FCFA 7,504 billion and 168,000 jobs.

He stated that the Bill proposes a consolidated reference document, creates priority development zones, shifts from tax reductions to tax credits, and extends eligibility to state-owned enterprises in competitive sectors.

The member of government added that a one-stop investment promotion centre and an audit and appeals committee form part of the reform measures.

According to the government, these reforms are intended to support structural transformation, stimulate local value addition, and encourage investment aligned with national development priorities.

This article was first published in The Guardian Post Edition No:3631 of Thursday November 20, 2025