19, September 2024
Indian and Commonwealth business leaders explore opportunities in Cameroon 0
Cameroon will host a trade mission from September 19 to 23, 2024, featuring members of the Confederation of Indian Industry (CII) and the Commonwealth Enterprise and Investment Council. The Chamber of Commerce, Industry, Mines, and Handicrafts (Ccima) issued a notice inviting local businesses to take part in this event, which will be held in Yaoundé and Douala.
The delegation will meet with government officials, including Prime Minister Joseph Dion Nguté. Business-to-business (B2B) meetings, a roundtable discussion, and a business dinner are also planned. These events will provide Indian, Commonwealth, and Cameroonian businesses with the chance to explore collaboration opportunities.
This trade mission includes leaders from about 20 companies. These firms operate in various sectors, including pharmaceuticals, defense, manufacturing, banking, solar energy, automotive, construction, and telecommunications. Cameroonian businesses could benefit from India’s experience, as India is a long-standing trading partner.
In 2023, this Asian nation ranked as Cameroon’s third-largest customer, accounting for 9.6% of the market share. India was also the second-largest supplier, following China, with 11.6% of the market. Cameroon primarily exports mining products to India, including liquefied natural gas (49.9%) and crude oil (48.4%). Imports from India include diesel (33.1%), semi-milled or polished rice (18.6%), aviation fuel (9.3%), medicines (6.1%), and frozen fish (2.8%).
However, the trade balance in 2023 showed a deficit of CFA254 billion, unfavorable to Cameroon.
Source: Business in Cameroon


























19, September 2024
Southern Cameroons Reconstruction: Minister Tasong says only a third of funding raised since 2020 0
Minister Paul Tasong, head of the steering committee for the Presidential Plan for the Reconstruction and Development of the North-West and South-West Regions (PPRD-NO/SO), revealed during the 14th session of the North-West Regional Assembly that only 50 billion CFA francs of the 154 billion CFA francs expected since 2020 have been raised. Initially, the plan was scheduled to last two years.
Since its launch in 2020, the Presidential Plan has struggled to attract significant support from Cameroon’s international partners. Countries like France and the United States conditioned their participation on the implementation of a genuine dialogue to resolve the ongoing armed conflict in the separatist regions. As a result, only a few partners, such as Japan and the United Nations Development Programme, have released funds to support infrastructure rehabilitation projects in these regions.
Paul Tasong, who also serves as Minister Delegate to the Minister of Economy, Planning, and Regional Development, reported that 258 projects have been completed in areas such as providing agricultural inputs to farmers, building schools, and setting up water supply systems. Additionally, 38 projects are still underway, while 2 have been suspended.
He thanked the partners who have contributed to the Presidential Plan, noting that an estimated 2,500 billion CFA francs would be needed for the complete transformation of the North-West and South-West regions, according to a communication from the North-West Regional Assembly.
Source: Business in Cameroon