Cameroonian agro-pastoral company signs US$16.2m agreement with API for construction of dairy plant

CAMEROON – Cameroonian agro-pastoral and industrial company of Ngaoussai in Adamaoua region, has signed a XAF9 billion (US$16.2m) investment agreement with Investment Promotion Agency (API) for the construction of a dairy plant. The plant will be utilized for the processing of milk, yoghurt, cheese and biogas. Upon completion of the project, it is set to create about 220 jobs, reports Business in Cameroon. Going by the country’s 2013 law on private investment which was revised in 2017, the structure will benefit from tax and customs incentives for five to ten years. Adamawa…

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