(Business in Cameroon) - On August 25, 2014, Cameroonian industry mogul, Samuel Foyou, submitted documents to a Douala city notary for the creation of First Industry Cosmetics (Fico Industry), a limited liability company in which he himself is chairman of the board. The company will focus on “the manufacturing and distribution of cosmetics, import-export, trade and brand representation.”

The new ambassador for the Cameroonian business community is preparing his debut on the highly competitive cosmetics market, particularly with the massive importation of products from Nigeria, the United States and Spain by way of Equatorial Guinea.

On July 10, it was a brewery with 100 million FCFA in capital that the very discreet Cameroonian businessman was creating, adding competition for Brasseries du Cameroun, Guinness Cameroon and Union camerounaise des brasseries (UCB), three companies that have been sharing the country’s beer market.

Majority shareholder in Société camerounaise de fermentation (Fermencam), a distillery bought in 2006 from billionaire Victor Fotso, Samuel Foyou recently announced that he requested 2,000 hectares from the State to plant fruit trees to produce natural juice for export.

Samuel Foyou, who made his fortune in trade in Congo and Angola, is also owner of Unalor, a matchstick company also bought from the Fotso group in 2009, Plasticam,  Sotrasel (table salt production), Biscuiterie Samuel Foyou (BSF), and the Moore Paragon printery. The 56 year-old Cameroonian businessman is currently building downtown Douala’s first 5-star of his newly created Chrystal Palace.