Africa CEO Forum 2017 – Cameroon lures investors

Africa CEO Forum 2017 – Cameroon lures investors

The fifth edition of the Africa CEO Forum where CAC International was once again one of the official sponsors, just ended on a very positive note. The event which took place on the 20th and 21st of March 2017 in Geneva, brought together an impressive number of economic and political leaders from all over the African continent.

 An outstanding and well noticed institutional presence from Cameroon

The appeal made by Jérôme MINLEND, CEO of CAC International in 2016 for a collective initiative met with a positive response. In fact Cameroon distinguished itself with a strong delegation of Cameroonian companies and businessmen, and especially the presence of members of Government.

A special “Doing Business in Cameroon” session was held where the country’s many strengths were presented to a room of very attentive private investors. The panel included, among others, the Minister of Industry, Mines and Technological Development, Mr. Ernest NGWABOUBOU, Mr. Collin MUKETE, President of MTN Cameroon and Jérôme MINLEND.

Interested investors in need of reassurance

During the “Doing Business in Cameroon” session and also during private meetings with the Cameroonian authorities, institutional and private investors showed great interest, especially in major ongoing projects in the Energy and Infrastructure sectors. Actually, Cameroon alone accounts for more than half of the major projects in the Central African region.

In order to transform their mere interests into firm fixed investments, investors expressed the need to be reassured about the regulatory framework. The decision to fund key sectors would depend on the ability of the Cameroonian authorities to address issues concerning the regulation, which is crucial for securing investments.

Thanks to the communication efforts of the Government accompanied by CAC International, investors at the forum say they are confident about the potential of Cameroon. The implementation of the actions announced will be closely followed by investors eager to take part in key projects of the country.

Infrastructure and energy, essential for sustained economic growth

With the fall in oil prices, Cameroon has little or no choice but to develop other sectors of the economy. For this, sufficient energy resources and a larger road and rail network are absolutely necessary.

The projects presented at the ACF are perfectly consistent with this development strategy. These include the second phase of the Yaoundé-Douala highway, Douala-Limbe highway, Edea-Kribi highway and the construction of the Ndjock hydroelectric power plant, for a total of about CFA F 2 300 billion, or € 3.5 billion.

There are many opportunities for profitable investments in Cameroon. It is the place of the public authorities to reassure investors about the regulatory framework in order to stimulate public-private partnerships to finance major projects.

On the standpoint of the investors, local monitoring of investments is essential to the success of any project. The professionals from CAC International given their expertise, are at the disposal of private investors wishing to be accompanied on the organizational, financial, legal and fiscal aspects of their projects in Cameroon and within the sub region.

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