? is it just me or does anyone else know about the the gas producing asset? the customers? the additional acreage? the pipeline? the drilling? the upgraded plant? the refinement of the share capital?
Thanks to the law of April 2013 on private investments in Cameroon, 157 conventions were signed between the country and various investment project carriers since 2014, the agency for investments promotion (Agence de promotion des investissements-API) reveals.
The agency further informs that 55,000 direct jobs will be created and CFA3,424 billion will be invested in Cameroon via those agreements.
Indeed, this is aimed at attracting investors by offering fiscal exemptions from 5 years up to 10 years to companies already settled as well as those which are being created.
“Due to the law setting incentives on private investments in Cameroon, we chose to invest in Cameroon instead of Angola or Côte d’Ivoire, two countries initially targeted for a CFA13 billion investment”, Guillaume Sarra, the former managing director of société anonyme des Brasseries du Cameroon who launched société Boissons, vins et spiritueux (BVS) said during an interview.
Thanks to that same law, the subsidiary of Nestlé also invested CFA2.7 billion for a new production chain at its Bonabéri plant. The British Actis also benefited from this law and is actually building Grand Mall & Business Park, an CFA80 billion leisure center in Douala with the collaboration of a local partner.
also, rouseranger, Morrisy, Malbrun, antaresgy, chris H, 3cardbrag, nick L, woolyback, michael b, andreas e, Digby04 and jamesdoran777 - who have all expressed interest - are welcome to confirm.
By way of reminder, the stated shareholding of the group is 8,024,581 of which, a whopping 4,860,212 have been confirmed. But we can do better. And we will do better. More meetings are coming. We will soon have the power to call an EGM if the members so decide. This is, therefore a worthy cause.