(Business in Cameroon) - On February 21, 2018, in Yaoundé, the SMEs promotion Agency (Agence de promotion des PME- APME) and Pack Industry signed an investment incentive agreement. Thanks to this agreement, Pack Industry will increase its yearly production of carton packs from 10,000 tons to 12,000 tons.  

“As far as taxes are concerned, as it is an old company, it is eligible for the incentives set by the 2013 Investments incentives law for its extension notably.  It will also be granted a reduction on customs duties etc... When we add up the incentives, taxes as well as customs duties, it receives 30% of public subsidies”, explained Jean Marie Louis Badga, APME’s managing director.

Concretely, with government’s support, Pack Industry will be able to import new equipment for its factory and create 40 direct jobs, Gabriel Kondo, Pack Industry’s manager, reveals.

BRM