The Investment Promotion Agency (IPA) has acquired its financial autonomy and will now host this event under the leadership of its General Manager, Marthe Angeline Minja.

The signing ceremony took place at the headquarters of the company last Wednesday in Yaoundé, under the presidency of its General Manager.

The Investment Promotion Agency (IPA) has acquired its financial autonomy and will now host this event under the leadership of its General Manager, Marthe Angeline Minja.

The IPA has been under the supervision of the General Secretariat of the Presidency of the Republic since July 12. This gives it financial autonomy and ability to diligently work on the files of investors requesting customs facilities. From a simple companion of the Ministry of Mines, Industry and Technological Development (Minmidt), the agency has become master of this.

For the first time, the DG welcomed four companies, in particular Siantou Africa Building, which intends to invest F 4,106 billion in the building materials industry, including non-flammable paint, while creating 206 jobs.

The second company, Nachtigal Hydro Power Company, for its part, started up energy with the construction of a hydroelectric dam (Nachtigal upstream). With an investment of 690 billion F, the company plans to create 188 jobs.

The company SNC-Pullman Douala Rubingha Hotel wants, in the perspective of the 2019 AFCON, to expand and modernize its range of services. To this end, it has planned to finance 10 billion francs while contributing to the creation of 180 jobs.

The fourth company, Equatorial Equipments and Industries Sarl, will put 1.486 billion F to boost domestic appliances and create 94 jobs. This is an amount of FF 705.64 billion that these investors put on the table in total for a maximum of 668 jobs.

By initialing the documents relating to these investment agreements, each of these economic operators expressed gratitude to the Government for the law on investment incentives from which they now benefit.