The sectors concerned are wood, food, chemical industry and manufacturing.
On May 14, 2020 in Yaoundé, in order to develop the industrial fabric of the country, the Promotion and Investment Agency (API), through its general manager, Marthe Angéline Minja, signed agreements with four companies exercising in the chemical, wood, manufacturing and food industries. These conventions relate to the approval on incentives for private investment, “a total amount of 24 billion FCFA to be injected.”
A thousand jobs are expected in the long term. The chemical industry alone is around 600 jobs. It is the company SCS Alid Sarl, the promoter William Fotso. The businessman “talks of expanding the palm oil refinery unit located in Douala to the tune of CFAF 15 billion. According to him, this processing unit will produce nearly 500 tonnes of oil daily and will fill the palm oil deficit and the constantly growing demand for olein.”
Food industry side; the Sasel S.A group announces that “almost 5 billion FCFA will be used for the project relating to the extension of its industrial salt refining unit in Douala. It plans to increase its production capacity from 10 to 20 tonnes per day … As benefits in terms of jobs, we are talking about 160 places planned for this project.”
The company Sif-Inter SARL, is an Italian wood factory based in Yaoundé. She estimated her investment at “2.5 billion FCFA with the bonus of 300 jobs to be created.”
Finally, the manufacturing industry, Nking Plastics, indicated through its General Manager, Luther Gapapha, that “the company’s project consists in the treatment and management of waste for an investment of 1.5 billion FCFA. There is talk of collecting plastics locally and importing some of the raw material to refine recycling. About sixty jobs are planned for this industry which also intends to install machines that can boost this sector of activity. “
