James Onobiono ventures into cocoa processing

The wealthy Cameroonian businessman, James Onobiono, has ventured in a cocoa business after agreements were signed by six enterprises on invitations to private investment in Cameroon, sources disclosed on September 17, 2015.

Quantum Cocoa SA. is the name of the new company that the business guru is poised to launch for this initiative.

Through Quantum Cocoa SA, James Onobiono intends to put in place a cocoa processing unit, for a total investment of 14 billion FCFA, which will create 186 jobs. This agro-industrial unit should enable the promoter of the Industrial Society of Cameroon Tobacco (Sitabac), to sign his return into the world of industry.

After having controlled the cigarette market for a while, Sitabac and James Onobiono witnessed a long eclipse since 1992, with the then blurs and the breaks between the Cameroonian businessman and his German partners on this project. Since then, James Onobiono is more present on the political field, since he has remained very active in the ruling party.

A legal advertisement in January 2015 revealed that "the man with the cigar" has launched a company called Propero SA, which is in reality and depending on its purpose, an investment fund from December 2014.

Propero SA was essentially devoted to investment and the acquisition of participations in existing companies or in creation.