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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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This section contains economy and business opportunities and from Cameroon.
Cameroon Economy Cameroonian Economy, business opportunities in Cameroon.
Summary:
Under Emergency Procedure For Rehabilitation Work On The Refectory Of The National Zootechnical, Veterinary And Fisheries Training Center Of Maroua In The Commune Maroua 2Ème, Diamare Department, Extreme-North Region
Country:
Cameroon
Estimated Cost:
XAF 8567000
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Under Emergency Procedure For Redevelopment Work On The Clinic Of The Maroua National Zootechnical, Veterinary And Fisheries Training Center In The Maroua 2Ème Commune, Diamare Department, Extreme-North Region
Country:
Cameroon
Estimated Cost:
XAF 8368525
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Construction Work On A Block Of Three (03) Classrooms At The National Zootechnical, Veterinary And Fisheries Training Center Of Maroua In The Maroua 2Nd Commune, Diamare Department, Extreme-North Region
Country:
Cameroon
Estimated Cost:
XAF 30000000
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Under Emergency Procedure For Rehabilitation Work On The Housing Of The Director Of The National Zootechnical, Veterinary And Fisheries Training Center Of Maroua In The Maroua 2Nd Commune, Diamare Department, Extreme-North Region
Country:
Cameroon
Estimated Cost:
XAF 28088896
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Under Emergency Procedure For The Construction Work Of A Mini Water Supply At The National Zootechnical, Veterinary And Fisheries Training Center Of Maroua In The Maroua 2Ème Commune, Diamare Department, Extreme-North Region
Country:
Cameroon
Estimated Cost:
XAF 25000000
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Notice Of Call For Expressions Of Interest N°00008/Ami/Mpt/Sg/Dag/Sdbm/Sma/2024 Of April 9, 2024 For The Recruitment Of A Firm Or Design Office To Carry Out Staff Capacity Building Of Minpostel In Cybersecurity. Funding: Fse, Fy 2024
Country:
Cameroon
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Notice Of Call For Expressions Of Interest N°00009/Ami/Mpt/Sg/Dag/Sdbm/Sma/2024 Of April 12, 2024, For The Preselection Of Cabinets Or Study Offices With A View To Carrying Out A Study For The Building Of A Lorawan Network For Tracking Postal Parcels And Shipments In Real Time. Financing: Bip, Fy 2024
Country:
Cameroon
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Notice Of Request For Expressions Of Interest No. 001/Asmi/Minepat/Swedd/Ucp/2024 Of April 16, 2024 For The Selection Of 10 National Actors For Capacity Building In Generational Economy And Public Policies On Behalf Of The Project WomenS Empowerment And The Demographic Dividend In The Sahel Phase 2 (Swedd 2) Fy 2024Country: Cameroonproject: WomenS Empowerment Project And Demographic Dividend In The Sahelida Credit: N°6660 Title: Selection Of Ten (10) National Actors For The Ren Necessarily Capacities In Generational Economy And Public Policies
Country:
Cameroon
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Communique N° 550/C/Mintp/Sg/Dget/Cpr-Fc/Ip5/Apm/2024 Of Apr 09, 2024 Publication Of The Result Of Notice For Expressions Of Interest N°73/Ami/Mintp/Sg/Dget /Cspm-Fc/Spm/Ip5/2023 Of August 21, 2023 For The Selection Of Consultants For The Control And Monitoring Of The Rehabilitation Works Of The Moutourwa-Maroua Road Section (Rn1).
Country:
Cameroon
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Radio/Press Releases N° 551/C/Mintp/Sg/Dget/Cpr-Fc/Ip5/Apm/2024 Of Apr 09, 2024 Publication Of The Result Of Notice For Expressions Of Interest N°74/Ami/Mintp/ Sg/Dget/Cspm-Fc/Spm/Ip5/2023 Of August 21, 2023 For The Selection Of Consultants For The Control And Monitoring Of The Rehabilitation Works Of The Magada – Guidiguis Road Section (Rn12).
Country:
Cameroon
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
18 Apr 2024