CAMEROON
The new locomotive of Western Africa

Introduction - Economy - Banking - Government Challenges - Communication
- Oil - Agriculture - Public Works - Transport - Tourism

INTRODUCTION

Forty years after its independence, Cameroon, a Central African country of 15 million inhabitants, aspires to become in the not-too-distant future, an economic leader of the sub-region. After ten years of economic crisis, a sustained economic growth encouraged by social peace and stability on the political level, a better managed financial sector, a better exploited raw material abundance, a significant development of the infrastructures and an industry started again by the increased role of the private sector.
" A greater involvement of our economies in the world economy, accompanied by the necessary safeguards, should foster growth, notably by boosting investments and easing access of our products to external markets ", declared President Paul Biya in his opening speech at the XXI France-Africa Summit held in the presence of French president Jacques Chirac in the capital of Cameroon Yaounde last January. By concluding its privatization program, increasing public and private savings and by diversifying its exports, the country has become more competitive in a favorable business environment that favors durable economic growth.


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You can find the version published in Forbes Global or Far Eastern Economic Review

World INvestment NEws, 2001. This is the electronic edition of the special country report on Cameroon published in Forbes Global Magazine, October 1st, 2001. Developed by Agencia E.