Cameroon is said to be an Africa in miniature to reflect the diversity of its natural and cultural riches. That is true. And to present its immense economic potential, an international magazine has found the necessary joke: “Angola has oil, Mali cotton, Côte-d’Ivoire cocoa … And Cameroon the three” . This is also true.
Indeed, the economic fabric of Cameroon rests on a very varied range of resources:
– Agriculture contributes 27% to GDP and 21% to the export flow;
– Forestry, with one of the richest massifs in the Congo Basin;
– There is a promising prospect in fisheries, industry and small-scale fisheries: Cameroon’s coastline conducive to the development of crustacean fishing and the growing demand for seafood in the subregion are sufficiently encouraging factors For potential investors;
– The vast pastures of the northern region: ideal framework for the development of intensive livestock farming, a source of raw material for a canning industry that is still lacking in our economy;
– A rich fauna and flora, a diversified and original culture that lend themselves to the development of the tourist industry, attracting foreign exchange;
– Industry, a real potential lever for growth policy, has a rich subsoil, a sufficient hydrography, a skilled and abundant labor force, a wide opening to the sea and A subregional market valued at about 200 million consumers (including Nigeria).
All these comparative advantages are crowned by three important development factors:
1) Macroeconomic stability supported by GDP growth of around 5%, controlled inflation of around 2%, liquid public finances and a stock exchange whose purpose is to finance investments at a rate competitive.
2) A legislative and regulatory framework that ensures legal and judicial security of business.
3) Political stability and social peace that reduce uncertainty and country risk in the business environment.
Here is condensed Cameroon, a country led by a temperate, open to dialogue and peace-loving: His Excellency Paul Biya. A country whose economic policy is aimed at.
The only objective: the improvement of the living conditions of the population, through a proactive strategy to reduce poverty.
Cameroon is ultimately an invitation to invest in an Africa plagued by unspeakable violence. Political stability, social peace and the confidence of international financial institutions, against the background of sustained economic growth, are guarantees and comparative advantages that our country presents to potential investors.