The Diary Of African Football

The Diary Of African Football

The feats of African footballers are among the most positive images that Africa has to offer to the world in this era of globalization. But football has also been an important asset in African history since the beginning of the colonial era.

Icons Of African Football

Icons Of African Football

The presence of Africans in the transfer market of football players in the European richest clubs has become a very common fact. African Football has listed 647 African players in first league European clubs.

Cameroonian Music Scene

Cameroonian Music Scene

Cameroon is located in Central Africa, in the Gulf of Guinea. It has several large cities including Yaounde, the country s political capital and Douala, the economic capital. Its cultural and ethnic diversity (over 240 ethnic groups, with 240 different languages) made Cameroon a nest of talent, not only in sports but also in music.

Cameroon Economic Situation

Cameroon's Economic Situation

Cameroonian people experience great frustration with their economic and social difficulties. With an unemployment rate that continues to grow, a private sector that is almost non-existent and some states that try somehow to limit the damage by recruiting fresh graduates in the public sector, in short there are very few offers for a huge number of job seekers.

Entrepreneurship in Africa (Problems / Solutions)

Entrepreneurship in Africa (Problems / Solutions)

As you know, set up a business in Africa, large or small, is sometimes a long and difficult road to walk into. It takes knowledge, resources, tools, and ideally a mentor or a sponsor to support you and give you that helping hand to progress into this administrative and financial jungle.

Why Be An Entrepreneur In Africa

Why Be An Entrepreneur In Africa

Africa is not going well, its entire economy is at risk, plus, Africa appears to be abandoned by the international community who s looking at Africa dying. It is time for us Africans to fight against this scourge.

How To Start A Successful Business In Africa

How To Start A Successful Business In Africa

Africa offers vast potential markets, and significant natural and human resources for business. In this article, I will highlight some fundamental principles and best practices for business creation in Africa.

Why Marketing Is So Important For Your Business

Why Marketing Is So Important For Your Business

In this article, I am going to walk you through the basics of marketing that all entrepreneurs and business owners should master to hopefully reach the goals and growth needed for their business.

Investing In Africa's Emerging Market

Investing In Africa's Emerging Market

Now that energy prices and commodity prices are up all over the world, Africa is becoming a strategic location for all parts of the world. With the demographic explosion of middle class, with lots of resources and commodities that are attractive to the world, with lots of investment commitment in the infrastructure sector, we believe that these opportunities can translate to investment opportunities and that Africa will rise and contribute to the rest of the world.

Thursday, April 19, 2012

Cameroon: Statistics In 2012


I have recently read a great brochure on investment in Cameroon 2012  by Jeune Afrique, and I wanted to share the findings with you. Here they are.

Economic powerhouse of Francophone Central Africa, and accounting for half of its population, Cameroon is strategically positioned with its Atlantic coast, its borders with six major countries and its natural situation on the borders of  Western Africa and Southern Africa.
Vast country, stretching from the Atlantic coast, not far from the equator to the heart of the African continent, towards Lake Chad. It offers a wide variety of landscapes and climates, many forests, mineral resources in quantity (52 minerals) and 7.2 million hectares of arable land (10% of total 54 African countries).

Determined to attract foreign investors, Cameroon offers a political and economic stability, many natural and human resources, and a great development ambition.
Here are sector by sector the key statistics of Cameroon:
  • A robust and mature economy
In steady growth (4.5% in 2012), Cameroon's economy has sound fundamentals. The country is not in debt (less than 4% of GDP), exports and imports are growing steadily, the trade balance is in surplus (0.8% of GDP) and inflation is contained (2%).
  • A large market
With 19.4 million inhabitants, 52% in urban areas, Cameroon is one of the first sub-Saharan African markets and the first in Francophone Central Africa. Distribution, transportation and, more generally, services are promised a great development.
  • A well-trained and  bilingual youth
Cameroon has 80 colleges, which graduate nearly 4,000 students per year. 48% of Cameroonians are under 15 years in a country that has one of the highest enrollment in the region (over 50%). French and English are both official languages.
  • A solid network of business
The country has more than 90,000 companies with fifty large companies (revenue of 20 million dollars to over a billion dollars), and 86% of SMEs. They have a favorable institutional environment for their expansion (coaching, access to credit and government procurement, etc..).
  • A favorable business environment
The Cameroonian civil and commercial codes are similar to the French codes (also harmonized with those of all French-speaking sub-Saharan Africa). Many organizations facilitate investments: stop, simplified procedures (delay of starting a business was reduced to three days) ... Taxation is also suitable for business facilitation and trade, particularly with neighboring countries.
  •  Investment
Many sectors are available for investment:

In services
The service sector represents 51% of GDP and 85% of companies. The ambitions of the economic development of Cameroon promise a strong development, especially in distribution and trade, transportation and tourism.

In manufacturing and mining
Manufacturing and mining represent the secondary sector and account for 22% of GDP, and it is changing rapidly. Very dynamic, BTP achieved annual growth of 12.5%. Gas and its transformation, and the exploration and mining industry offer many opportunities.

In Agriculture
Large producer of cocoa, wood, rubber, banana, coffee, tea and cotton, Cameroon accounts for 27% of its GDP through the primary sector, which has several strengths. Three quarters of the arable lands are available for new crops and food industries are in short supply.