Business in Cameroon foreign trade Cameroonian economy exports

Educational level: Continuing education / Executive education programs.

Course summary (Doing business in Cameroon)

Imports, invest. Cameroon breweries, telecommunications CAMTEL, agriculture. Doing business in Cameroon Yaounde (Ongole) Douala

Cameroon is located in Central Africa, bordered by Chad, Central African Republic, Congo, Gabon, Equatorial Guinea and Nigeria. Cameroon has an area of 475 440 km2 and a population of 20 million inhabitants.

The Cameroonian economy is based mainly on the primary sector (42% of GDP). The main sources of income are agriculture, livestock and fisheries, forestry, mining and industry. The devaluation of the CFA Franc (1994), boosting the competitiveness of agricultural sectors, has enabled Cameroon to growth. The battle against corruption and poverty is a priority of government.

Agriculture is the key sector of the Cameroonian economy, employs nearly 70% of the workforce and contributes 42% to the formation of national GDP. Agriculture is rich and diverse. The main cash crops are cocoa, coffee, cotton, bananas, rubber, potato and pepper.

The Cameroon has four independent ports. The autonomous port of Douala alone represents 95% of shipping freight Cameroon.

Example of the course Doing business in Cameroon:

Cameroon is a member of: Economic Community of Central African States (ECCAS), the Banque des Etats de l'Afrique Centrale (BEAC), the Economic and Monetary Community of Central Africa (CEMAC), Organization of the Islamic Conference (OIC), the African Development Bank, ECA Nations Economic Commission for Africa , NEPAD, African Union, the Commonwealth (since November 1995). World Bank, United Nations, International Monetary Fund, Islamic Development Bank, WTO.

Cameroon is a beneficiary of the African Growth and Opportunity Act (AGOA).

The telecommunications sector is developing very rapidly in Cameroon. The Cameroon Telecommunications (CAMTEL) is a public company owned 100% by the State of Cameroon. Created in 1998, CAMTEL is heavily involved in the development and modernization of telecommunications in Cameroon. CAMTEL just signed an agreement with a Chinese company for the commissioning of 5000 lines of mobile phone sets.

The National Investment corporation of Cameroon (Société Nationale d’Investissement du Cameroun SNI), aims to mobilize and focus of national savings and other financial income. Its capital is 22 billion FCFA.

Brasseries du Cameroon (Cameroon breweries), is a food processing company specializing in the manufacture and distribution of soft drinks, is the leading industry in Cameroon. Created in Douala, 03 February 1948, became a subsidiary of the Castel Group in 1990.

Business, Cameroon, foreign, Trade, Cameroonian, economy, Exports, Doing business, Yaounde, Ongole, Douala, Imports, Invest, Cameroon breweries, telecommunications, CAMTEL, Master, international business