(Business in Cameroon) - A series of Presidential decrees signed on September 9, 2013 set out the mode of operation for the recently promulgated law on private investment incentives in the Republic of Cameroon. One of the texts signed by Paul Biya creates and organizes the functioning of a control committee for effective investment in the country.

Placed under the Prime Minister, Head of Government, the committee has as mission to control the conformity of equipment brought forth by potential investors in connection with the type and sector of investment solicited. It will therefore need to verify the authenticity of documents presented and the business turnover of the company seeking to invest in the country. The committee is chaired by the Secretary General at the Prime Minister’s Office.

Analysts have qualified as revolutionary the April 2013 law and its texts of application which are expected to considerably enhance private investment in the country and all it has in job and wealth creation and then the country’s sustainable socio-economic development.

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