Cameroon Business Law Upadates – January 2015

– Cameroon-Canada Relationship: The new Canadian diplomat to Cameroon announced a shift of his country’s priority in Cameroon from development issues to economic partnership.

– Entrepreneurship: Launch of the integrated capacity-building entrepreneurial program (Empretec) in Cameroon

– Standards and quality: Cameroon recently acquired 952 new norms. This norms are on aspects such as architecture and building construction, electricity and electrotechnicals, Agri-business, petroleum products, technology, standardization, documentation, general and fundamental norms.

– Cocoa and coffee sectors: Members of the public-private partnership platform (PPPP) were installed.

– Limbe Deep Sea Port: According to the Board of support of partnerships (CARPA) contracts, the construction of the multi-function terminal of the future deep Sea port in Limbe, will soon start.

– Agriculture: The national cotton company SODECOTON will soon launch a series of public consultations requesting for opinions on whether or not to introduce transgenic cotton in the farming.

– Mining: A local Mining Corporation (Socem), incorporated to operate the gold and diamonds deposits discovered at Meyomessala.

– Electricity: The Cameroon electricity supply corporation (ENEO) will raise16 billion FCFA from local banks to boost its performance.

– Mining: Cameroon is looking for investors for the exploitation of rutile in Akonolinga. This is the object of the launching of an International call for expressions of interest for a pre-selection of companies or groups to be awarded a mining title on a rutile block in the Republic of Cameroon

– Agriculture: Execution of an agreement between the government and the Institute for Agricultural Research and Development (IRAD) undertaking to supply government with quality seeds for Palm oil production.

– Private Investment Incentives: Five new agreements signed between the government and the following companies; Brasseries Samuel Foyou (BRASAF SA), African Pool Construction (APC SA), Camerounaise de savonnerie (SCS), First Industry Cosmetics(FICO SA) and the cooperative SCOOP Antolem.

– Limbe Seaport: According to the Korean Partner, Limbe Port and Industrial Development Corp, the wharf of the Limbe Deep Seaport will go operational in six months.

– Energy: Execution of a commercial agreement between the Minister of Energy and Water resources and the company Hydrochina International for the development of the Song Dong hydroelectric Dam project.

-Leather Exploitation: Publication of a call for expressions of interest for the recruitment of a consultant to analyze the leather sector in Cameroon.

– Earth Roads: The government is reviewing the framework agreement signed in 2005 with institutions in charge of rehabilitating and maintaining roads in the country.

-Exportation strategy: Launching of the study on the improvements on the national export strategy.

-Agricultural markets: The investment and development project of agricultural markets officially launched on January 28th, 2015

-Iron of Nkout: The Chinese company International Mining and Infrastructure Corporation Plc (IMIC) unveiled plans to begin the final feasibility study of the project in 2015.

-2015 Cotton Campaign: Execution of a loan agreement between SODECOTON and a pool of banks namely CBC, Afriland First Bank, Bicec, Ecobank and SGC to finance the 2015 cotton campaign.

– Investments: Canada Prospects in Cameroon for more investment opportunities, specifically in the infrastructure, mines and educational sectors.

– Douala seaport: Commissioning of a new tug in the timber yard in view of accelerating and increasing the pace of ship loading