(Business in Cameroon) - Mira Company has just signed with the Cameroonian government, an agreement to enable it benefit from provisions in the law on incentives for private investment in Cameroon, as part of a project for the construction of a cement plant in Douala.

A total investment of over FCfa 32 billion, this new cement production unit willcreatee approximately 1,600 jobs. Its initial production will reach one million tons, according to the project stakeholders' expectations.

With this new cement factory, Cameroon will thus have five factories, with Cimencam from the Lafarge group, Cimaf belonging to the Moroccan group Addoha, Dangote Cement and Medecen Cameroun from the Turkish group Eren Holdings.

Incidentally, the arrival of new operators on the cement market starting from 2013, after 42 years of monopoly of Lafarge group, has not yet managed to affect the price of cement on the Cameroonian market. During a recent meeting organised by the minister of Trade,the cement producer weres even suspected of having an illegal agreement on prices.