On wednesday, 28th November 2015, Flanders Investment and Trade organised an information seminar in preparation of an economic mission underway for Cameroon in the first quarter of 2016.
Ambassador Daniel Evina Abe’e made a general presentation of his country, from the historical-geographical; the economic potentials; to the development strategy. Given a wide natural endowment for shipping, Cameroon opens up into the atlantiic ocean through the following ports: 1) Douala, operational ; 2)Kribi, deep sea port to be opened soon; and 3)Limbé, with construction plan underway.
« The arable land surfce is estimated at 85% of the territory wherein about 70% of the population works. However, little machinery is used. Thus, it offers a lot of opportunity for investors, particullarly with export crops including cacao, coffee, banana, tea, sugarcane, rubber, palm oil, cereals, fruits, vegetables, rice, etc…
These crops can be cultivated and transformed on the spot for added value, and of course, sold on the local market,» says Ambassador Evina Abe'e.
In his won presentation, Mr. Johan Malin explained why Cameroon is an attractive country for foreign investors.
«In 2014, Cameroon was the second market for the Flanders among 49 African countries.
If Cameroon is not well known to the Flanders Exporter, the country'sassets are quite visible:
With about 21,7 millions inhabitants, the country is well populated and therefore is a substantial market.
üCameroon is a country of intermediate revenue with a buying power that places her the fourth in rank in West Africa.
üCameroon is richly endowed with natural resources (oil and gas, precious wood boi and minerals) and agricultural (coffee, cotton, cacao, maize and et cassava),
since her independence in 1960, Cameroon enjoys continuous political stability, despite the extreme heterogeniety of her population and conflicts in neighboring countries. »
The Chamber of Commerce (CBL-ACP) was represented by Mr. Alexander Herring, Executive Committee Member, while Mrs. Catherine Doody, International Affairs Officer made a presentation for the World Bank Group.
More than sixty businesses took part in the seminar, which included the testimony of entrepreneurs who have and are currently doing business in Cameroon.
To view photos of the event, visit our Flickr Page