Gov't set to boost employment in the country

Approvals were finalised on Monday, 19th January 2015 in Yaounde between five companies on the one hand, and between the Government and the Investment Promotion Agency to encourage private investment.

The ceremony was presided over by Emmanuel Bonde the Minister of Mines, Industry and technological development (Minmidt) representing the Government of Cameroon on Monday in Yaounde.

"This is a response to the request presented to the President of the Republic on December 31," the Minister estimated. Marthe Angeline Minja, the Director General of the Agency for the Promotion of Investment (Api) noted that, "it is to encourage nationals while favouring companies to create jobs."

The phase of installation of these undertakings is expected to span a period of five years during which other structures (10) will take the same path, and a follow-up to the process started in April 2013, when the law was promulgated for incentives for private investment in Cameroon.

With these 5 new agreements, the number of companies benefiting from the law on incentives to private investment has moved from 14 to 19.