(Business in Cameroon) – The Agency for SME Promotion (APME) has inked a deal with Cameroonian company Fatima Foods Sarl, granting the firm tax and customs incentives. The move was made possible thanks to the 2013 law on private investment incentives in Cameroon, which offers investment project owners exemptions ranging from 5 to 10 years, both in startup and production phases.
Government support extended to Fatima Foods Sarl aims to ramp up its production of local flours, made from cassava, sweet potatoes, plantains, etc., according to official sources. Indeed, the project spearheaded by this enterprise aligns with the government’s import substitution policy, which aims to promote local production to curb massive imports of certain products.
As part of this, the government has been encouraging the production of local flours, potentially used in high-consumption products like bread, alongside wheat. This strategy aims to diminish the large-scale purchases of this cereal, which currently ranks among the most imported food products in Cameroon, alongside rice and frozen fish.
