logoBC
Yaoundé - 19 June 2018 -
Agro-industry

Guillaume Sarra: “we have decided to invest in Cameroon instead of Angola or Côte d’Ivoire we initially targeted…”

Guillaume Sarra: “we have decided to invest in Cameroon instead of Angola or Côte d’Ivoire we initially targeted…”
  • Comments   -   Thursday, 12 October 2017 11:42

(Business in Cameroon) - The French Guillaume Sara recently launched his company “société Boissons, vins et spiritueux” (BVS) after leaving Brasseries du Cameroon (Cameroon’s Breweries), the country’s leading brewery, where he acted as deputy managing director for years. 

The new company based in Douala, Cameroon’s economic capital, is specialized in the production of wines. Guillaume sarra said, according to the government daily, that the company is the result of the 2013 law which encourages private investments in the country. This law provides exemptions, from 5 to 10 years, to companies both in the installation and production phases.

Thanks to this law, which promotes private investments, we have decided to invest CFA13 billion in Cameroon, instead of Angola or Côte d’Ivoire we targeted initially”, Guillaume Sara confided. This “law is a pledge for reliability and security. It reduces custom taxes on materials we import and grant fiscal exemption on benefits. Indeed, instead of 30% as company taxes, we have to pay 7.7% during the first five years of existence of our company. It will also enable us to invest in our equipment’s maintenance”, he continued.

According to Marthe Angeline Mindja, chief executive of Cameroon’s agency for the promotion of investments, 150 conventions for company creation have already been signed since the law was enacted. Cameroon thus expects the investments to reach CFA3, 500 billion and the creation of 5,000 jobs.

BRM

Mags frontpage


Business in Cameroon n64: June 2018

Three women who are shaping Cameroon’s future


Strong bonds were built between Switzerland and Cameroon


Investir au Cameroun n74: juin 2018

Trois femmes qui dessinent le Cameroun de demain


Des liens solides se sont tissés entre la Suisse et le Cameroun