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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:
Notice Of Restricted National Call For Tender N°001/Aaonr/Minresi/Cipm/2024 Of April 15, 2024 For The Creation Of A Database For The Registration And Periodic Monitoring Of Infrastructures And Equipment In The Institutes Under Guardship And Research Partner Structures Of Minresi. Phase Iv. In Emergency Procedure
Country:
Cameroon
Estimated Cost:
XAF 35000000
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Decision N°00097/E/2/D/Minhdu Of April 8, 2024 Concerning The Final Award Of The Contract By Gre Agre Following Authorization N° 00999-24/L/Prc/Minmap/Sg/Dgmi/Dmtr/Eeca-Byj Du February 29, 2024, For The Execution Of Work To Develop A Road Connecting The Two Main Entrances To The Great Mosque Of Poumpoumre In The City Of Garouafincing: Bip/Minhdu – Financial Year 2024
Country:
Cameroon
Estimated Cost:
XAF 196392622
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Additional Clause No. 002 Bearing On Changes On The Eliminatory Criteria For The Following Tender File; N°09/Onit/Tubahcouncil/Tcitb/2024 Of 28/03/2024Under Emergency Procedure For The Construction Of Water Tank Catchments And Extension Of Water In Bambili Village, Tubah Sub
Country:
Cameroon
Estimated Cost:
XAF 44710000
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
National Call For Tender Open Under Emergency Procedure No. 16/Aono-Pu/Rn/D42/C-Gder/Cipm/Sigamp/2024 Of 04/12/2024 For Construction Work Of Reinforced Concrete Channels And 'A Double Scale In Dondolo
Country:
Cameroon
Estimated Cost:
XAF 26000000
Notice Type:
Tender Notice
Deadline:
06 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Award Decision N°04/Da/Crb/Sg/2024 Of The Contract Relating To The Open National Call For Tender File N°006/Daono/Crb/Cipm/R/2024 Of 02/28/2024 For Execution Of Construction Work Of A Rail Ducter On The Mayo Baikwa At Pk 5+400 Of The Communal Road C0419040 Carrefour Bodal-Baikwa, Commune Of Rey-Bouba, Department Of Mayo-Rey. Northern Region (In Emergency Procedure)
Country:
Cameroon
Estimated Cost:
XAF 64998999
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Press Release N°002/C/Cbk/2024 Of April 4, 2024 Publication Of The Result Of The Open National Call For Tender N°003/Aono/Cbk/Sg/2024 Of 02/28/2024, As An Emergency Procedure , For Rehabilitation Work On The Nlimassi – Nkongnen I Road Carrefour Chapelle Evindissi (5 Km) Commune Of Bikok, Department Of Mefou And Akono, Central Region
Country:
Cameroon
Estimated Cost:
XAF 44016368
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Communique N°0001/C/J/Crpm-Ce/2024 Publication Of The Result Of The Notice Of Open National Call For Tender N°000001/Aono/J/Crpm/2024 Of February 26, 2024 In Emergency Procedure For Completion Of Road Aspiring Works: Section 1: Savana Mokolo Closure - Santa Maria Antenna, Shift And Beads; Section2: Savana Mokolo Behind Maison-Limites Fougerole, Including Construction Of A Scutter, Brete E And Earth In The Center Region.
Country:
Cameroon
 
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Communique N°00004/C/J/Crpm-Ce/2024 Publication Of The Result Of The Open National Call For Tender Notice N°000005/Aono/J/Crpm/2024 Of February 27, 2024 In The Procedure Of Emergency For The Development Of Road Sections:- Section 1: Fokou-Nkolo 3 Entrance (Adventist College) With Reinforced Concrete Ducter On The Minlo'O River (2,100 Km);- Section 2: Nkoabang Intersection-Green Oil Petrol Station From Ngona (2,500 Km);- Section 3: Entrance To Maison Blanche Nkolo 2 (0,525 Km). In The Departments Of Mefou And Afamba & Mfoundi, Central Region.
Country:
Cameroon
 
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Decision N°0004/D/J/Crpm-Ce/2024 Publication Of The Result Of The Open National Call For Tender Notice N°000005/Aono/J/Crpm/2024 Of February 27, 2024 In The Procedure Of Emergency For The Development Of Road Sections:- Section 1: Fokou-Nkolo 3 Entrance (Adventist College) With Reinforced Concrete Ducter On The Minlo'O River (2,100 Km);- Section 2: Nkoabang Intersection-Green Oil Petrol Station From Ngona (2,500 Km);- Section 3: Entrance To Maison Blanche Nkolo 2 (0,525 Km). In The Departments Of Mefou And Afamba & Mfoundi, Central Region.
Country:
Cameroon
Estimated Cost:
XAF 249989738
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Decision N°005/D/Cbk/2024 Of April 4, 2024 Awarding The Open National Call For Tender N°006/Aono/Cbk/Cipm-Cbk/2024 Of 02/28/2024, As An Emergency Procedure For Construction Work On Certain Premises, In The Community Of Bikok, Department Of Mefou And Akono, Central Region
Country:
Cameroon
Estimated Cost:
XAF 79796301
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
17 Apr 2024