(Business in Cameroon) - Elim Beverage and Food SA is the name of the firm in which Francis Nana Djomou, CEO, Biopharma laboratories, with his partners, plans on investing 17.5 billion FCFA. This project has been made possible with the implementation of the new law for promotion of private investment which exempts private investors from taxes and duties over a 5 to 10 years period, including set-up and production stages.
Elim Beverage is the businessman’s second agro-food production unit after “Jumbo”, a unit where broth is made and which is located in Douala. 891 jobs are expected to be created upon installing Elim Beverage.
Francis Nana Djomou, characterized by his ability to diversify, as proven by his two agro-food companies and Biopharma, now plans on expanding into new markets. Thus, he intends to open a subsidiary for Biopharma in Côte d’Ivoire so as to increase his presence in the West African market.
Cameroon’s leader in cosmetics, also projects, in the medium term, to open shop in Nigeria, Africa’s leading economy, and Congo. An authorized source revealed how Pointe-Noire in Congo is to serve as a base for Biopharma laboratories through which the Cameroonian businessman will extend his assets to countries such as DR Congo, Angola and other countries from Southern Africa.