Investing In Cameroon: Potential Growth Sectors Worth Trying
The ninth edition of “Les atouts économiques du Cameroun,” a publication of the Presidency of the Republic of Cameroon, is out.
The government of Cameroon has understood that sensitisation is important in boosting business and investments. Cameroon is a land of plenty, with enormous potentialsthat are yet to be fully exploited by investors. Unveiling the country’s business potentials is continuing with the latest being the publication of the ninth edition of “Les atouts économiques du Cameroun.”
The 361-page book showcases the country’s economic potentials with focus on informing national and international business persons on the benefits of investing in Cameroon. The glossy paper-back publication, with silky pages, begins with President Paul Biya in his foreword noting that the bold steps taken in the last decade to boost investments are yielding fruit at an almost geometric rate.
The publication that focuses on the 2015 epoch reflects government’s commitment to pursuing vigorous growth-creating policies to enable the country attain middle-income status by 2035. Natural resources and infrastructure, addressing shortfalls in water and energy supply, stepping up research in hydrocarbons and the industrial exploitation of mineral deposits, are the bedrocks of the country’s potentials as it looks forward to emergence.
The foreword is followed by a summary presentation where readers are thrilled with the profile of Cameroon, the State and society, international relations, natural and infrastructural resources, the prominent sectors of the economy, investing in Cameroon and other facts about the country. Cameroon, Central Africa’s biggest economy, is proud of its growth, but development depends so much on how best these potentials are put to optimal use. The chapter on investing in Cameroon informs potential business persons of the country’s Investment Charter with general and specific incentives.
A list of 16 conducive sectors for investment is in the spotlight, with emphasis on raw material processing, forestry, handicraft, livestock and animal husbandry, manufacturing, construction and civil engineering, raw materials, agriculture, energy and water resources, road infrastructure, among others. “Les atouts économiques du Cameroun” devotes a chapter to potential fast growth sectors with statistics on cocoa, coffee, banana and oil palm, among others. The financial sector, with focus on monetary policy, banking, domestic credit and insurance, is also highlighted.
Another latest publication of the Presidency of Cameroon is “Politoscope,” a repertory of the political, administrative and economic situation of Cameroon. “Les atouts économiques du Cameroun” and “Politoscope” are distributed for free. However, potential readers of “Politoscope” abroad can fill the subscription form on the back page where freight charges are indicated. “Politoscope” is in its first edition whereas “Les atouts économiques du Cameroun” is in its ninth edition.By Victorine BIY, Cameroon Tribune