le temps des Réalisations
Bulletin mensuel bilingue d'informations - N° 34 mai 2016
Cabinet Civil de la Présidence de la République du Cameroun
Récépissé de déclaration N° 00000038 / RDDJ / J06 / BABC du 9 juillet 2012
Directeur de Publication : Martin BELINGA EBOUTOU
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INVESTING IN CAMEROON LABS OF ATTRACTIONS
Le Temps des Réalisations
# INTERNATIONAL ECONOMIC CONFERENCE
# A Milestone towards Achieving Our Vision of Emergence *
H.E. Paul BIYA, President of the Republic
Cameroon welcomes the business, economic, international finance and political personalities who have accepted our invitation to attend the Yaoundé Economic Conference of 17 and 18 May 2016.
The theme of this Conference, "Investing in Cameroon, Land of Opportunities", conveys our determination to showcase to all interested economic players, our country's abundant opportunities and rich economic potential. It also conveys our high expectations, following your discussions on your projections as well as the resources and conditions required to further boost investment and attract new partners.
In this light, the conclusions of the Yaoundé Economic Conference will be of the utmost importance to our country.
Cameroon abounds in assets which can reassure any informed investor's decision.
It is CEMAC most populous country and is distinctive owing to the strategic location at the crossroads between West and Central Africa. It is endowed with varied and abundant natural resources. Its diverse climates and soils are conductive to agriculture and road infrastructures offer it the
potential to significantly contribute to regional and international trade.
With the ongoing construction of major energy infrastructure, the (development) consolidation of a diversified industrial fabric is feasible in the medium term. Moreover, Cameroon's labour force is youthful skilled thanks to one of the best enrollment rates in sub-Saharan Africa.
Lastly, the business climate has significantly improved in recent years thanks to the governance and structural reform measures undertaken and the promotion of a framework of investment incentives.
Cameroon's set objective is to attain economic emergence by 2035. Over the past few years, our growth rate has stayed at around 5%, despite an adverse global and security situation (slump in oil prices, decline in commodity prices, increased security and national defence-related expenditures).
This remarkable performance recently prompted the IMF to commend Cameroon's economic "resilience". A higher rate of 6% is projected for the near future.
In light of this, a number of development programmes based on our growth and employment strategy
Paper have been prepared and implemented. The sectors covered are notably agriculture, energy, industry, transport infrastructure and digital economy.
The implementation of the major projects planned in these sectors will require substantial investment.
Accordingly, the purpose of this Conference is to urge participants to make appropriate proposals that would enable Cameroon's economy to undergo the expected transformation, but also to facilitate interpersonal or institutional interactions such as to lead to mutually beneficial business relationships with domestic or foreign enterprises.