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The Investment Promotion Agency (API) has the mission, in conjunction with other relevant public and private administrations and organizations, to contribute to the development and implementation of Government policy in the area of investment promotion in Cameroon.
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The API is a public administrative institution with legal personality and financial autonomy based in Yaoundé with a regional branch in Douala, the economic capital of Cameroon. The Agency is placed under the technical supervision of the General Secretariat of the Presidency of the Republic of Cameroon and under the financial supervision of the Ministry of Finance.
The Agency also provides public services to companies applying for or obtaining approval under the Investment Charter, as well as monitoring of said companies benefiting from these advantages.
Created on September 1, 2005 by presidential decree and operational in 2010, the API is involved in the development and implementation of government policy in the area of investment promotion, which includes in particular:
– Welcoming, assisting and guiding investors
– Receiving and processing approval application files
– Facilitating the acquisition of visas required by investors and their foreign personnel
– Simplification of administrative procedures in conjunction with the relevant technical services
– Monitoring and control of commitments signed by authorized persons
– Granting incentives to investors in collaboration with other relevant ministerial departments
– The connection.
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WHY INVEST IN CAMEROON?
The main assets of the Cameroonian economy are:
• Its geostrategic position
• Its political stability
• Cheap labor
• Competitive costs of production factors
• Abundant natural resources (agricultural, oil and mining)
• A diversified export economy (oil, mining, agriculture, etc.)
• Numerous infrastructure modernization projects
• Monetary stability due to its membership in the CFA Franc zone
• Institutional, legislative and regulatory reforms in line with evolving international standards
• The positive impact of anti-corruption policy
• The regulation on capital participation, allowing foreigners to hold 100% of a company
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