Investing In Cameroon: Potential Growth Sectors Worth Trying
The
government of Cameroon has understood that sensitisation is important
in boosting business and investments. Cameroon is a land of plenty, with
enormous potentials
that 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
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