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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:
Impact Study Of The Project “Strengthening The Mobilization And Involvement Of Societies…
Country:
Cameroon
 
Notice Type:
Tender Notice
Deadline:
21 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
PROVISION OF SECURITY SERVICE FOR THE AFRICAN UNION CONTINENTAL LOGISTICS BASE STAFF AND ASSETS LOCATED IN DIFFERENT PARTS OF DOUALA, CAMEROON
Country:
Cameroon
 
Notice Type:
Tender Notice
Deadline:
02 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Communique N°14/D C/C-Bonalea/2024 Allocating The Letter Order Relating To Notice Of Consultation N° 03 /Dc/C-Bonalea/Cipm/2024 Of February 2, 2024 For Development Of The Cold Room Of The Ndoulou Slaughter In The Commune Of Bonalea, Moungo Department, Littoral Region.
Country:
Cameroon
Estimated Cost:
XAF 9000000
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Communique 12Adc/C-Bonalea/2024 Relating To The Publication Of The Result Of Consultation Notice N°01/Dc/Cbonalea/Cipm/2024 Of January 30, 2024 For The Equipment Of Medical Equipment Of The Csi Of Kounang And Kompina, In The Community Of Bonaléa In Two (02) Lots
Country:
Cameroon
Estimated Cost:
XAF 16000000
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Municipal Decision No. 49/Dm/Cb/2024 Awarding The Letter Order Relating To The Call For Tender No. 03/A0No/C-Sonaleajcipm/2024 Of January 30, 2024 For The Rehabilitation Work Of The Community Box Of Souza, In The Community Of Bonalea, Department Of Moungo, Littoral Region
Country:
Cameroon
Estimated Cost:
XAF 22999999
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Decision N°007/D/Rp/R-Lvdn/C/2024 Of March 12, 2024 Attributing The Letter Order To The Fight Against Water Hyacinth) In The Commune Of Yabassi- Department Of Nkam- Region Of Coastal, Project Manager: Mayor Of The Commune Of Yabassi. Funding: Public Investment Budget, Fy 2024
Country:
Cameroon
Estimated Cost:
XAF 9981225
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Municipal Decision No. 50/Dm/Cs/2024 Awarding The Contract And Letter Order Relating To Call For Tender No. 04 /Aono/C-Bonalea/Cipm/2024 Of January 30, 2024 For The Works Of Constructions Of The Multi-Functional Youth Promotion Center Of Grand Souza And Of A Kindergarten Block At The Souza Gare Nursery School, In The Commune Of Bonalea, Department Of Moungo, Littoral Region In (02) Lots.
Country:
Cameroon
Estimated Cost:
XAF 86995354
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Municipal Decision No. 52/Dm/Cb/2024 Granting The Letter Order Relating To Consultation Notice No. 02/Dc/C-Bonalea/Cipm/2024 Of January 30, 2024 For The Supply, Installation And Commissioning Of A 15 Kva Electrogen Set Including Its Equipment And Its Premises At The Ndoulou Slaughter, In The Commune Of Bonalea, Moungo Department, Littoral Region.
Country:
Cameroon
Estimated Cost:
XAF 10995000
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Communique N°04/Tradex/Dg/Cma/24 Of 03/22/2024 Postponing The Deadline For Submission Of Offers For Call For Expressions Of Interest N°001/Ami/Cipm-Tradex/2024 Of 11 March 2024, Relating To The Preselection Of Companies Specialized In The Integration Of The Erp-Type Integrated Management Program, Sap S/4 Hana.
Country:
Cameroon
 
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Municipal Decision No. 53/Dm/03/2024 Granting The Letter Order Relating To Consultation Notice No. 03 /Dc/C-Bonalea/Cipm/2024 Of February 2, 2024 For Development Of The Cold Room Of The Ndoulou Slaughter In The Community Of Bonalea, Moungo Department, Littoral Region.
Country:
Cameroon
Estimated Cost:
XAF 8995000
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024