With vast swathes of untapped natural resources and fertile land, an open business climate, and a young, skilled workforce, Cameroon is proudly parading its business potential to the world. The International Economic Conference, held in the capital Yaoundé in May this year, unveiled seemingly endless possibilities in the country’s swiftly growing economy, with thousands of early-bird investors flying in to see what is on offer.
Thanks to a far-reaching economic policy recently put into place, Cameroon is the most diversified country in the region, producing value chains in agriculture, while expanding the infrastructure and energy sectors. Agriculture accounts for 22.2% of GDP, its highly diversified secondary sector 30.1% and the services sector, which is dominated by transport, retail, mobile phone and financial services, approximately 47.7%. The peaceful nation enjoys full fiber-optic coverage and impressive ICT support for its emerging industries.
Several strategic projects have been launched in the key areas of agro-processing, road infrastructure, energy, real estate, urban development, extraction and technology, breathing new life into the whole region. Well-educated individuals are finding jobs in 21st-century businesses, and a new generation of enterprise leaders is on hand to join forces with investors and to form profitable partnerships.
The 2016 Leading Edge guide will pinpoint where the best deals are and explain, through in-depth interviews, how the government, local entrepreneurs and foreign businesses are building a sustainable future amidst all the excitement.