DOING BUSINESS IN CAMEROON
Cameroon's economic needs and potentials ae such that there are a reat variety of good investment sectors.
It has numerous natural resources(petroleum, gas, bauxite, iron, nickel, wood) and agricultulral products(cocoa, coffee, cotton, banana, hevea, palm oil..
It has abundant and qualified labour, which is affordable with a great adaptation and initiative capacity which is indispensable for companies.
Its geographical location between west and central Africa, gives it a unique strategical position in terms of trade exchanges. It gives access to several central African countries an some regions of Nigeria.
Democratic institutions and the politicalstability make of Cameroon a country where the risk concerning investment is minimal.
Cameroon has limited exploited mineral resources which include bauxite, petroleum, uranium, cassiterite, cobalt, gold, iron ore, lignite, and nickel. In 2010, petroleum, cement, aluminum, and pozzolana were the main mineral commodities produced in the country.
The petroleum sector has remained the most important part of the country’s mineral industry. Petroleum exports accounted for about 50% of the value of Cameroon’s exports in 2010.
Agriculture is the main pillar of Cameroon's economy. It accounts for 43 % of GDP, employs 70 % of the working population and generates more than one third of total export earnings (Fresh Produce Journal 2004). Main agricultural products include plantains, cattle meat, cocoa beans, taro, bananas, maize, fresh vegetables and groundnuts. Cameroon's primary export crops are cocoa, cotton, coffee, bananas, rubber and palm oil (FAO, 14.07.2006). The country's main export partner is the European Union. However, still the bigger part of agricultural activity is confined to subsistence level farming.
Copyright 2020 - www.camhicom.com Designed By: Djontech Advisory Analysts.