Business leaders express interest to invest in Cameroon

By Vera Fon

Several Business leaders across the globe have expressed their interest to invest in the country.

This was during two day African CEO Forum that took place in Abidjan, Côte d’Ivoire from June 5 to 6, 2023.

Prime Minister, Joseph Dion Ngute represented President Paul Biya at the forum which was held under the theme, “Navigating the crisis from 300 to 3000: How to deliver the next generation of African Champions.”

The Prime Minister held B2G (Business to Government) sessions with business leaders operating in different sectors across the world. They all expressed the wish to extend their businesses to Cameroon in the domains of ICT, energy, telecommunication, agriculture, water, and education amongst others.

“We did have an extensive exchange on future investments related to transport and mobility systems in the country, especially in the cities of Douala and Yaounde,” Mama Sougoufara of Alstom Transport and Mobility said.

“For the last 10 years, we have done dozens of impact projects in Africa in water, energy, food security, technology, and housing. We have not yet worked in Cameroon. It was a very good meeting exchange exploring joint opportunities” CEO of Mitrelli Group Yaron Tchwella stated.

The CEOs said they are attracted to Cameroon because of the location of the country, her leading role in the Central African sub-region, and the incentives put in place by the government.

The Cameroon delegation headed by Prime Minister Chief DrJoseph Dion Ngute also comprised among others; the Minister of the Economy, Planning and Regional Development, MINEPAT, Alamine Ousman Mey; the General Manager of the Cameroon Investment Promotion Agency, IPA, Angeline Marthe Mindja and the Director of Cabinet at the Prime Minister’s Office, Balungeli Ebune Confiance.

The gathering of over 1800 participants featured 41 African countries, and participants from 71 countries across the globe.

Experts say the meeting is the largest coming together of the African Private sector in one sitting.