logoBC
Yaoundé - 17 January 2022 -
Health

Medicis Sarl to invest about XAF6 bln in the construction of a haemodialysis centre in Cameroon

Medicis Sarl to invest about XAF6 bln in the construction of a haemodialysis centre in Cameroon
  • Comments   -   Friday, 22 May 2020 16:05

(Business in Cameroon) - Medicis Sarl plans to invest XAF5.7 billion for the construction of a haemodialysis centre in Cameroon.

To encourage and facilitate the realization of this investment, the Cameroonian government, through the Investment Promotion Agency (API), signed an agreement with this company on May 15, 2020. The said convention gives Medicis Sarl the right to benefit from the provisions of the law of 2013 on incentives for private investment in the Republic of Cameroon.

This law, revised in 2017, allows investment project holders to benefit from tax and customs exemptions, both during the launch and production phases. These exemptions are spread over 5 to 10 years.

The investment planned by Medicis Sarl would contribute to the solution of a public health problem in Cameroon, kidney failure namely. Although official statistics are scarce, kidney failure is becoming more and more prevalent in Cameroonian society, as can be seen by the number of care centres created in recent years in the country by the government.

Until 2007, there were only two care centers for the disease in the country's two main cities (Yaoundé and Douala) however, each of Cameroon's 10 regions now has at least one haemodialysis centre set up by the State. This number does not include the centers built by private companies.  

Because of the subsidized care available at the public centers (XAF5,000 per session instead of XAF75,000, according to patients), public haemodialysis centres are increasingly overwhelmed. This is not only because of the increase in the number of patients to be treated but also because of the inadequacy of the available equipment (dialysis machines and other dialysis kits).

The inadequacies, which patients regularly denounce in these public hospitals,  are investment opportunities economic operators such as Medicis Sarl eagerly grasp.  

Brice R. Mbodiam

cemac-member-countries-invited-to-accelerate-repatriation-of-foreign-proceeds
During its December 2021 meeting in Douala, the Steering Committee of the CEMAC Economic and Financial Reform Programme discussed the issue of public...
intellectual-property-oapi-discounts-trademark-protection-fees-by-10-and-20
The Yaoundé-based African Intellectual Property Organization (OAPI) announces a reduction of its trademark protection fees. Henceforth, to benefit from...
cameroon-ceneema-inks-partnership-agreement-to-speed-up-agricultural-mechanization
On January 13, in Yaoundé, the director-general of CENEEMA -National Centre for the Study and Experiment of Agricultural Machinery- and the managing...
cameroon-brewing-group-sabc-seeks-incentives-for-phase-2-of-the-xaf90-bln-investment-plan
Société Anonyme des brasseries du Cameroun (SABC), leader of the Cameroonian brewing market, plans to launch the second phase of its XAF90 billion...

Mags frontpage


Business in Cameroon n106-107: December 2021-January 2022

Nine projects and innovations that demonstrate Cameroonians’ genius


This is how Gozem plans to revolutionize the transport sector in Cameroon


Investir au Cameroun n116-117: Decembre 2021-Janvier 2022

La preuve par 9 du génie camerounais


Comment Gozem veut révolutionner le transport urbain au Cameroun