(Business in Cameroon) – Cameroon has signed a framework agreement with Saudi-based Jampur International Group for investments of up to 500 million US dollars across key sectors of the nation’s economy. The deal outlines new investment commitments targeting health, energy, agro-industry, and transport.
The agreement was formalised at the Star Building in Yaounde on December 3, 2025. The Minister of the Economy, Planning and Regional Development, Alamine Ousman Mey, signed on behalf of the government, while Mohammed Shafiq, CEO of Jampur International FZE, represented the group. The framework agreement sets out obligations for both parties and establishes a platform for public-private partnerships across strategic sectors identified in Cameroon’s National Development Strategy, NDS30.
The Minister of the Economy, Alamine Ousman Mey, signed on behalf of the government, while Mohammed Shafiq, CEO of Jampur International FZE, represented the group. According to the agreement, Jampur will roll out investments in essential medical supplies, energy production, fertiliser blending, and transportation logistics. The initiative aligns with Cameroon’s ongoing strategy to expand industrial capacity and accelerate implementation of the NDS30.
Presenting the investment roadmap, Mohammed Shafiq said the programme includes local manufacturing of medical supplies such as mosquito nets, alongside the provision of equipment and medicines. He added that the company plans to establish a fertiliser blending plant in Cameroon to process and package products for national distribution. On energy, Shafiq explained that work is underway to operationalise a power generation plant, with the expectation that initial manufacturing activities will begin in the first quarter of 2026.
“We have several agreements in this programme,” Shafiq stated, noting that the company intends to carry out local manufacturing and equipment supply across multiple segments. He added that the fertiliser and energy projects were designed to begin phased implementation within the coming months.
Minister Alamine Ousman Mey stated that the agreement reflects Cameroon’s efforts to draw investment into priority sectors, particularly as the country advances its ambition to achieve 5,000 MW in electricity production. He referred to the growing interest of foreign partners in energy, agriculture, and health as the government pursues accelerated implementation of its development strategy.
In his remarks, the minister highlighted that the agreement strengthens the country’s commitment to mobilising funding and expertise through public-private partnerships. He said the investment aligns with national efforts to scale up industrialisation, improve production capacity, and expand essential services.
Prime Minister Joseph Dion Ngute, credited with facilitating the group’s entry into Cameroon, witnessed the signing ceremony. Officials said the framework agreement marks an essential step in the government’s broader plan to attract foreign investment to support economic modernisation, enhance infrastructure, and boost key productive sectors.
Mercy Fosoh
