Cameroon-based Egin SA has signed an investment agreement with the government, under guidance of the Investment Promotion Agency (API).

Project manager, Jean-Pierre Belobo, announced that the company expects to produce the first bags, marketed under the “Lion” brand, in October 2017. While news about the new XAF8.2bn (US$14.9m) factory is limited, the new works is based in Douala and is 90 per cent complete. Raw materials have been ordered.

The Cameroon cement market has attracted much interest from investors in recent times with Dangote, LafargeHolcim’s Cimencam, Morocco’s Cimaf and Medcem Cameroon all operating plants.