New agro-industrial company, Simco, eyes Cameroonian dairy market

Agriculture

New agro-industrial company, Simco, eyes Cameroonian dairy market

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- Wednesday, 10 June 2015 07:43

(Business in Cameroon) - The agro-foods company, Simco, plans to invest a total of one billion FCFA in the construction of a dairy product manufacturing plant in Cameroon. According to its promoters, this investment will create one hundred direct jobs.

On June 3, 2015 in Yaoundé, the signing ceremony for the convention between the State of Cameroon and Simco officials was held so that this business initiative could benefit from private investment incentives in Cameroon.

The law adopted by the Cameroonian parliament in April 2013 offers businesses the opportunity to benefit from customs and tax exemptions ranging from 5 to 10 years during the installation and production phases.

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