Economy

Investment Promotion Agency signs six agreements worth 20.5 billion FCFA.

by Mercy Fosoh
04 Jul 2026 23:02
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IPA officials, investors pose after signing agreement

The Investment Promotion Agency, IPA, has signed four investment agreements and two amendments with companies operating in strategic sectors of the economy.
The agreements, signed recently at the Agency’s headquarters in Yaounde, officials said, are worth FCFA 20.525 billion and expected to create an estimated 424 jobs.

The beneficiaries include; 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 two amendments concern Résidence Hôtelière Nzakou, which obtained an extension of its investment phase in the tourism sector, and Saligny SARL.

It emerged from the signing ceremony that the projects are expected to strengthen activity in sectors identified as priorities for economic development, including agro-industry, manufacturing, industrial production and tourism.

According to IPA’s Interim General Manager, Boma Donatus, the projects reflect the confidence of local investors in the national economy.

He stressed that the Agency places equal importance on domestic and foreign investment because both contribute to economic transformation and business development.

Boma also highlighted the importance of processing local raw materials within the country.

He cited particularly sectors such as wood transformation, where value-added production can increase industrial output and reduce reliance on exports of unprocessed materials.

It is worth nothing that 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.

IPA Interim GM, Boma Donatus shaking hands with one of the investors

Investment portfolio expands

The latest agreements add to a series of investment conventions signed by the IPA in recent months.

According to figures released by the agency in May 2026, Cameroon recorded nearly FCFA 1.9 trillion in realised investments and more than 16,000 direct jobs under its investment incentive programme 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 programme between 2014 and 2024, representing projected investments of approximately FCFA 8 trillion and an estimated 180,000 jobs over the lifetime of the projects.

According to the agency, 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.

This article was first published in The Guardian Post Edition No:3835 of Thursday July 02, 2026