CAMEROON TRENDS AND DEVELOPMENTS Contributed by: Zangue Serges Martin, Brandon Ntahdui and Joël Noussie, Zangue & Partners
Private investment: reform of the investment incentive framework in Cameroon In response to criticisms from economic stakehold - ers regarding Cameroon’s investment framework, the government has undertaken a reform of the invest - ment incentive system. This reform resulted in the adoption of Ordinance No 2025/002 of 18 July 2025, establishing the rules and incentives for investment in the Republic of Cameroon. The Ordinance repeals all prior contrary provisions, including Law No 2008/009 of 16 July 2008 on the fiscal, customs and accounting regime applicable to partnership contracts, and Law No 2013/004 of 18 April 2013 on private investment incentives, as amended and supplemented by Law No 2017/015 of 12 July 2017. Among its key innovations, the Ordinance introduces: • a new classification of incentives based on project scale; • the inclusion of new beneficiaries under the incen - tive regime; • a redefinition of the benefits granted; and • an expansion of eligible sectors aligned with national strategic priorities. This modernised investment incentive framework is designed to promote increased investment, address the shortcomings of the previous system, improve the business environment and support sustainable eco - nomic growth in Cameroon.
companies ( sociétés de bourse SDB); and (d) COSUMAF Instruction No 34-25 – standard information document template for collective investment schemes ( organismes de placement collectif OCI). • Fund and company governance: (a) COSUMAF Instruction No 38/25 on standard articles of association for investment pro - motion companies ( sociétés de promotion d’investissement SPIs); (b) COSUMAF Instruction No 36/25 on standard articles of association for closed-end invest - ment companies ( sociétés de placement à capital fixe SPCs); (c) COSUMAF Instruction No 37/25 on standard fund management regulations for real estate investment funds (fonds de placement immo - bilier; FPIs); and (d) COSUMAF Instruction No 35/25 on standard fund management regulations for collective investment funds ( fonds de placement collectif FPCs). These instructions represent a clear indication of COSUMAF’s continuous commitment to harmonising regulatory practices across the region and strength - ening market discipline, and ultimately to enhancing investor confidence. COSUMAF is likely to introduce further guidance to ensure sustainable investment practices in the CEMAC financial market.
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