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Economy of Cameroon and business opportunities

Economy of Cameroon

For a quarter of a century following independence, Cameroon was one of the most prosperous countries in Africa. The drop in commodity prices for its principal exports -petroleum, cocoa, coffee, and cotton - in the mid-1980s, combined with an overvalued currency and economic mismanagement, led to a decade-long recession. Real per capita GDP fell by more than 60% from 1986 to 1994. The current account and fiscal deficits widened, and foreign debt grew. Yet because of its oil reserves and favorable agricultural conditions, Cameroon still has one of the best-endowed primary commodity economies in sub-Saharan Africa.

France is Cameroon's main trading partner and source of private investment and foreign aid. Cameroon has an investment guaranty agreement and a bilateral accord with the United States. USA investment in Cameroon is about $1 million, most of it in the oil sector. Inflation has been brought back under control. Cameroon aims at becoming emerging by 2035.

Finance and Banking

Cameroon's financial system is the largest in the CEMAC region. Access to financial services is limited, particularly for SMEs. Aside from a traditional tendency for banks to prefer dealing with large, established companies, determining factors are also found in interest rates for loans to SMEs being capped at 15 percent and being heavily taxed.

Less than 5 percent of Cameroonians have access to a bank account. While the microfinance sector is consequently becoming increasingly important, its development is hampered by a loose regulatory and supervisory framework for microfinance institutions (MFIs). The banking sector is highly concentrated and dominated by foreign commercial banks. 6 out of the 11 largest commercial banks are foreign-owned, and the three largest banks hold more than 50 percent of total financial system assets.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Cameroon"

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Cameroon Economy Cameroonian Economy, business opportunities in Cameroon.
Summary:
Additive N°_001_/Ren/Dmt/C-Roua/Cipm/2024 Postponing The Date For Submission Of Offers Relating To The Following Notices: 1. Open National Call For Tender File N° 001/Aono/ Ren/ Dmt/Cipm-Roua/Beci/2024 Of April 15, 2024 (In An Emergency Procedure) For Construction Work On The Fence Of The Site To Shelter The Housing Camp For Teachers In Bao Vara In The District Of Soulede- Roua; Mayo-Tsanaga Department, Far-North Region.
Country:
Cameroon
Estimated Cost:
XAF 75000000
Notice Type:
Tender Notice
Deadline:
18 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Additive N°_002_/Ren/Dmt/C-Roua/Cipm/2024 Postponing The Date For Submission Of Offers Relating To The Following Notices: 1. Open National Call For Tender File N° 004/Aono/ Ren/ Dmt/Cipm-Roua/Beci/2024 Of April 16, 2024 (In An Emergency Procedure) For The Construction Work Of A Block Of Two Classrooms In The Following Public Schools: (Lot 1) Ep Doumgar Zudo, (Lot 2) Ep Dalbaï And (Lot 3) Ep Oudoumdzaraï-Goldak, In The District Of Soulede-Roua; Mayo-Tsanaga Department, Far-North Region.
Country:
Cameroon
Estimated Cost:
XAF 60000000
Notice Type:
Tender Notice
Deadline:
18 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Additive N°_001_/Ren/Dmt/C-Roua/Cipm/2024 Postponing The Date For Submission Of Offers Relating To The Following Notices: 1. Open National Call For Tender Notice File N° 003 /Aono/ Ren/ Dmt/Cipm-Roua/Aii/2024 Of April 15, 2024 (In An Emergency Procedure) For The Construction Work Of A Productive Drilling Equipped With A Human Power Pump With Two (02) Drinking Trunks In Market A Roua Livestock In The District Of Soulede-Roua; Mayo Tsanaga Department, Far North Region.
Country:
Cameroon
Estimated Cost:
XAF 10000000
Notice Type:
Tender Notice
Deadline:
18 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Additive N°_002_/Ren/Dmt/C-Roua/Cipm/2024 Postponing The Date For Submission Of Offers Relating To The Following Notices: 1. Open National Call For Tender File N°_.005/ Aono/ Ren/ Dmt/Cipm-Roua/Aii/2024 Of April 16, 2024 (In Emergency Procedure) For The Construction Work Of A Restaurant In The Camp Site Of Soulede, In The Commune Of Roua, District Of Soulede Roua, Mayo-Tsanaga Department, Far-North Region.
Country:
Cameroon
Estimated Cost:
XAF 25000000
Notice Type:
Tender Notice
Deadline:
18 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Additive N°_002_/Ren/Dmt/C-Roua/Cipm/2024 Postponing The Date For Submission Of Offers Relating To The Following Notices: 1. Open National Call For Tender Notice File N° 006 /Aono/ Ren/ Dmt/Cipm-Roua/Aii/2024 Of April 16, 2024 (In Emergency Procedure) For The Construction Work Of A Hospital Room In The Integrated Health Centers (Csi) Of Midre (Lot 1), And Zogzm (Lot 2), In The District Of Soulede-Roua; Mayo Tsanaga Department, Far North Region.
Country:
Cameroon
Estimated Cost:
XAF 22000000
Notice Type:
Tender Notice
Deadline:
18 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Additive No. 01 Repealing Certain Previous Information Contained In The National Call For Tender Open Under Emergency Procedure No. 001/Aono-Pu/Mincommerce/Cipm/2024 Of April 3, 2024 Relating To The Refection Of Windows Made In Cameroon A Ebolowa By:
Country:
Cameroon
Estimated Cost:
XAF 65206000
Notice Type:
Tender Notice
Deadline:
18 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Notice Of National Call For Tender Open Under Emergency Procedure N°05/Aono/C-Matomb/Cipm-Pccm/2024 Of May 3, 2024 For The Construction Work Of Ten (10) T2 And T3 Type Housings In The Commune Of Matomb, Department Of Nyong And Kelle, Central Region Funding: Pccm Budget, 2023 And Following Fiscal Years.
Country:
Cameroon
Estimated Cost:
XAF 186568290
Notice Type:
Tender Notice
Deadline:
10 Jun 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Request For Quote N°002/Dc/R-Ce/D-Nk/C-Ngog-Mapubi/Cipm/2024 Of May 3, 2024 Relating To The Supply Of Two (02) Used Four (04) Door Sedan Vehicles From Europe On Behalf Of The Commune Of Ngog-Mapubi.
Country:
Cameroon
Estimated Cost:
XAF 12000000
Notice Type:
Tender Notice
Deadline:
28 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Notice Of Open National Call For Tender N°008/Aono/C-Ngog-Mapubi/Cipm/2024 Of May 3, 2024 As An Emergency Procedure For Training And Awareness Of Road Users And Safety Actors Road In The Commune Of Ngog-Mapubfinancing: Road Fund, Financial Year: 2024. Project Manager: Mayor Of The Commune Of Ngog-Mapubi
Country:
Cameroon
Estimated Cost:
XAF 15000000
Notice Type:
Tender Notice
Deadline:
28 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Notice Of Open National Call For Tender No. 06/Aono/C.Matomb/Sigamp/Cipm-Pccm/2024 In Emergency Procedure From May 3, 2024 For The Recruitment Of An Architectural And/Or Bet Firm In View Control And Monitoring For The Construction Work Of Ten (10) T2 And T3 Type Housing In The Community Of Matomb, Department Of Nyong And Kelle, Central Region. Funding: Pccm Budget, Fy 2024 And Following.
Country:
Cameroon
Estimated Cost:
XAF 11194097
Notice Type:
Tender Notice
Deadline:
10 Jun 2024
Posting Date:
04 May 2024