(Ecofin Agency) - On September 17, 2015, it was announced that Cameroonian businessman, James Onobiono, was about to launch a new company named Quantum Cocoa SA. The announcement happened during the signing of various agreements which enabled six firms to benefit from the law to boost private investments in Cameroon.

The purpose behind Onobiono’s Quantum Cocoa SA is the establishment of a cocoa-processing unit, for an amount of 14 billion FCFA, which will create 186 new jobs. This food-processing structure should help the former CEO of Société industrielle des tabacs du Cameroon (Sitabac) get back in the industrial world.

Truly, after ruling the cigarette distribution market, Sitabac and James Onobiono have not been heard of since 1992, mainly due to the fact that relations between the Cameroonian businessman and his German partners involved in the project came to an end. Since then, James Onobiono has been active in political matters, especially in regards to his involvement with the ruling party.

In a legal release dated January 2015, it was announced that the Cameroonian business mogul launched, in December 2014, a company named Propero SA, which was in actual facts, an investment fund. This company is mainly devoted to investment and purchase of stock of existing companies or in creation process.