logoBC
Yaoundé - 28 March 2024 -
Mining

Cameroon: Cimencam will start new Nomayos cement factory, in suburbs of Yaoundé, by mid-2018

Cameroon: Cimencam will start new Nomayos cement factory, in suburbs of Yaoundé, by mid-2018
  • Comments   -   Tuesday, 18 October 2016 13:44

(Business in Cameroon) - The company Société les Cimenteries du Cameroun (Cimencam) announced for mid-2018 the commissioning of its new Nomayos cement factory, in a town located about thirty kilometres away from Yaoundé, the capital of the country.

According to the official communiqué revealing the information, this grinding unit, which will cost FCfa 23 billion, will bring the annual production of this company to 2 million tons.

Through an agreement signed in May between Cimencam and the State of Cameroon, this project announced 5 years ago (the cornerstone laying ceremony took place in September 2011) will benefit from 5 to 10 years of tax and customs duties exemptions, as provided in the 2013 Act on promoting private investment in the Republic of Cameroon.

As a reminder, Cimencam, a company formerly owned by French group Lafarge, is now under the control of Lafarge Holcim Maroc Afrique (54.7% shares), a joint-venture gathering the Lafarge Holcim group (merger of French Lafarge and Swiss Holcim) and the Société nationale d’investissement du Maroc (National Investment Company of Morocco), an investment unit belonging to the Moroccan royal family.

BRM

mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...
cameroon-s-brewer-sabc-surpasses-decade-s-average-annual-investment-in-2023
Cameroon’s brewing company SABC, a local subsidiary of the Castel Group, claimed a cumulative investment of CFA313 billion over the past decade, as...
cameroon-sabc-s-turnover-falls-by-cfa4bn-yoy-in-2023-despite-increase-in-sales
Cameroonian brewing company SABC announced it has wrapped up 2023 with a turnover of around 729 billion FCFA, slightly down by CFA4 billion compared to...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »