A HISTORIC TRANSFER OF OWNERSHIP

Formalized on November 10, 2025, the transaction marks Tiger Brands’ gradual withdrawal from Chococam, an asset it has helped develop over nearly two decades.

The South African group is selling its 74.69% stake to Minkama Capital Ltd, a fund specializing in fast-moving consumer goods. This operation gives the transition a strong continental dimension, with a clear Cameroonian leadership role through Fabrice Ndjodo, native of the Lékié Division, who is expected to steer the company’s next phase of development.

SEVENTEEN YEARS OF INDUSTRIAL CONTRIBUTION

Over 17 years, Tiger Brands has contributed significantly to the growth of Cameroon’s chocolate industry, job creation, and the strengthening of the cocoa value chain.

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Minister Mbarga Atangana praised this contribution while emphasizing that the operation aligns with Cameroon’s structural economic transformation vision, as championed by the Head of State, H.E. Paul Biya.

The goal is to add value locally to Cameroon’s raw materials by transforming cocoa into a fully integrated industrial sector capable of generating wealth, employment, and competitiveness.

REGULATORY FRAMEWORK AND CONDITIONS PRECEDENT

The completion of the transaction remains subject to several regulatory approvals, including:

Authorization from the CEMAC Competition Commission

Foreign exchange control clearances

Tax clearance certificates for Chococam and Tiger Brands

These steps were reviewed during the meeting to coordinate the implementation timeline and ensure full compliance with legal and institutional procedures.

The delegation emphasized transparency and respect for Cameroonian regulatory requirements throughout the process.

A CONTROLLED AND STRUCTURED TRANSITION

The parties agreed that the transition should preserve Chococam’s operational stability and industrial achievements.

Tiger Brands expressed confidence in Minkama Capital’s ability to drive the company into a new phase of growth, grounded in both local market realities and continental opportunities.

For the Minister of Trade, this transaction reflects Cameroon’s determination to strengthen its institutional and economic sovereignty by ensuring that industrial restructuring processes remain fully aligned with national and regional legal frameworks.

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