Cameroon Investment Agency Signs CFAF10.88 Billion in New Agreements

Cameroon Investment Agency signs FCFA 10.88 billion in new agreements Cameroon’s Investment Promotion Agency (IPA) signed two investment agreements on July 17 covering projects worth more than FCFA 10.88 billion and expected to generate 200 jobs. The agreements, signed in Yaounde with Avoplus and Société Africaine de Fabrication et de Manufacture (SAFMA) represent a combined investment of FCFA 10,882,108,753, according to IPA. At the same ceremony, the agency signed two amendments with NOFIK Hotels and Africa Development Industry. One concerns the revaluation of an existing project, while the other covers the relocation of a project site. The agreements and amendments…