Cameroon welcomes DMA’s high-level trade investment mission
From 8th – 10th December, the Government of Cameroon welcomed a distinguished group of business leaders to Yaoundé, for a high-level investment mission. Organised by DMA, the mission provided a unique opportunity for investors and business leaders to deepen relationships in Cameroon, secure new investments, or simply witness first-hand the opportunities in one of Africa’s most exciting emerging markets.
Organised by DMA, and supported by FCO and UKTI, the prestigious trade mission took a group of current and potential private sector investors in Cameroon, to meet with Prime Minister Philémon Yang and his cabinet in order to build on the momentum gained from the highly successful UK- Cameroon Trade & Investment Forum also hosted by DMA in London back in 2014. The meetings highlighted Cameroon’s economic outlook, key sectors for investments (Infrastructure, Industry and Energy, Agriculture, Tourism, Environment, Education, Security and Technology), partnership opportunities, the supportive legal framework for FDI and the competitive workforce ability. In addition, DMA arranged sector specific roundtables and 1-2-1 meetings to take place in the margins.
“We are a country with huge potential” states HE Philémon Yang in his recent visit to the UK “Amongst other things we can offer a young and often bilingual workforce; huge areas of unexploited mineral wealth; the potential for both onshore and offshore oil finds; the ability to be the trading hub for the region with our ports and transport links; and a growing tourism industry based upon our unique topography, culture and natural wonders”
Referred to as “Africa in Miniature”, due to its diverse climate, geology and economic activities, Cameroon is the hub for FDI in both Central and West Africa. Additionally, the African Economic Outlook recently projected that Cameroonian growth would remain strong at 5.5%, driven by a diversification policy, by the tertiary sector and by the impeding completion of large infrastructure projects such as the Lom Pangar hydropower dam and power plant.
DMA would also like to thank all those who supported the Forum and helped make it such a success.