193 UK Investors Awaited in Cameroon in January 2014

By Godlove BAINKONG, Cameroon Tribune, 27-10-2013 

The country’s High Commissioner and MINEPAT boss discussed the modalities on October 25.

Some 193 investors from the United Kingdom (UK) will be in Cameroon on a business prospection mission in January 2014, UK’s new High Commissioner to Cameroon, John Brian Olley, has said. The British diplomat made the disclosure on Friday October 25 after holding talks with the Minister of the Economy, Planning and Regional Development, (MINEPAT) Emmanuel Nganou Djoumessi.

“We talked on how we can build on the excellent success of the Cameroon-UK joint commission that took place in London in September 2013 and what we can do together to make the business climate even better to attract British businesses which have expressed the deep interest in coming to develop projects in Cameroon in partnership with Cameroonian companies,” he said. “And we spoke in particular about the 193 British companies that came into the business pattern of the joint commission and how we want to take this forward by inviting these companies to Cameroon in January for a trade mission,” Mr Olley added. 

He said the interest of British companies in Cameroon span through a wide range of sectors judging from those that are already operating in the country. These include the oil and gas sector, with Victoria Oil and Gas in Douala which already recruits 300 people with 295 being Cameroonians, agriculture, banking and brewery among others. “Through my discussion with the Minister and the material he has given me, I will better understand what Cameroon would like to do in future and the strategy here so that we can best advice British companies to come and offer some services and to work in partnership in these areas,” John Brian Olley pledged.