Invest in Cameroon
Why is Cameroon a top investment destination in Africa?
The Investment Promotion Agency in Cameroon highlights all the areas open for investors and telling all the benefits to investors.
Cameroon, a meeting point of people and cultures is known for its diverse and resilient economy as well as the dynamism of its population.
The Country’s current National Development Strategy and Industrial Master Plan focuses on import substitution as a catalyst to industrialization to achieve the country’s declared objective of being an “emerging economy” by 2035.
The priority is therefore INVESTMENT.
New giant sites like deep-sea ports, roads, and superhighways, bridges, dams, are ongoing. With a hydropower potential of over 23 000MW and its diversified energy sources notably biomass, solar, wind, geothermal, and fossil fuel energies, the construction of major energy infrastructures and the drive to supply energy and potable water is on the move.
Cameroon, an oil-producing country, and soon a major gas producer is equally referred to as a “geological scandal” because of its subsoil which offers many mineral riches among which are gold, bauxite, manganese, nickel, diamond, rutile, and cobalt.
Cameroon is a land of agriculture. Almost everything grows. The huge variety of its agricultural products makes Cameroon the bread basket of central Africa and beyond. The transformation of its cash crops into competitive export-ready products is a top government priority.
With 65 percent of the population aged 25 years and below, Cameroon can boast of having one of the highest literacy rates in Africa. It has over 11 state universities and many institutions of higher learning in various fields of arts and sciences including professional and vocational education offering a wide range of professional manpower.
In the area of health, Cameroon has highly trained medical personnel in diverse domains and many health institutions with cutting-edge technology.
Today, the 8th continent on planet earth is the digital world and Cameroon is part of that evolution with its own silicone mountain. Mobile telephony and digital transactions are commonplace. Internet penetration with 20 000 KM of fiber optic cable is increasing daily, ensuring a gradual digitalization of the economy.