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CAMEROON - Jesuit Fathers develop training projects

Douala - The Jesuit Fathers promote both micro-entrepreneurship projects and also save banana trees from extinction. This is the project launched in Douala capital economic by the Cameroon Jesuits. An initiative that has a double value, educational and naturalistic, in a context not as simple as that of the African country.

Fides Agency is carrying out these interesting projects in Cameroon where more than three million boys and girls have not reached the minimum level of schooling. 70% of girls are illiterate.

This phenomenon is particularly visible in the northern regions, where more than one million girls between the ages of 10 and 19 cannot read or write (31.9% of girls in the region).

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Investing in Cameroon works for 1,100 social housing houses in Garoua and Maroua

Investing in Cameroon: Gabriel Bengono, Executive Director of the Société Immobilière du Cameroun , visited sites planned to house social housing in Maroua and Garoua, northern Cameroon. According to the Director, the Maroua site is 5.5 hectares in Zokok Laddeo. It is supposed to house ...

Cameroon grants 5 to 10 years of tax and customs exemptions

Cameroon grants 5 to 10 years of tax and customs exemptions to projects financed by those who invest in Cameroon Investing in Cameroon - On 6 August 2018, in Yaoundé, the Cameroon Investment Promotion Centre (Cameroon Investment Promotion Agency - ...

190 km of roads in Cameroon are being renewed

Investing in Cameroon - The PIDMA agricultural investment and market development project aimed to increase the production of maize, sorghum and cassava for the agri-food industries of the Cameroon and for which the World Bank disbursed 50 billion CFA francs will soon be added to the programme for the renewal of 190 kilometres of the country's rural roads to connect agricultural production basins to markets.

According to information gathered on 6 August 2018, during an awareness-raising seminar organised in MbalmayoIn the central region, five regions will be considered under this programme. These are precisely the centre, the south, the coast, the west and the northwest.

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Investing in Africa - Cameroon grants 5 to 10 years of tax and customs exemptions

Investing in Africa Cameroon - Tax cuts for those investing in the country the investment promotion centre in Cameroon (Investment Promotion Agency of Cameroon - API) signed agreements with a number of economic operators implementing projects in the hospitality, agri-food and agro-forestry sectors.

These agreements will enable these operators, willing to invest CFA 74 billion in the countryto take advantage of the provisions of the 2013 law on incentives for private investment in Cameroon.

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Business in Central Africa - Raubex Renovo will build a shopping centre worth USD 53 million in Douala

A modern shopping centre, complete with convention centre and cinema, will enrich the capital Cameroon's financial , Douala, by the end of 2019 thanks to the South African construction company Raubex Renovo, which is already at an advanced stage of construction.

The 45% at the Douala Grand Mall will be part of a larger development that will include a five-star hotel, offices and residential flats under construction in the near future.

"The mall and convention centre will signal to the world that Cameroon is on the move and attracts more visitors for business shopping and leisure,

says Matthys Serfontein, Head of Development at Raubex Renovo.

"Our modern planning and construction methods combine with energy-efficient design to make the shopping centre stand out significantly from its local competitors.

How big will the shopping centre be?

Its size, to begin with, is significant; it is said to be the largest commercial centre in Central Africa when completed with an area of 25,600 m2 of which 18,732 m2 retail on two levels.

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The World Bank is preparing to sign a financing agreement with BEAC

Investing in Cameroon - The Bank of Central African States (BEAC), which prints the XFA currency for Cameroon, Congo, Gabon, Equatorial Guinea, Central African Republic and Chad, has just received board approval to sign a financing agreement with the Bank of Central African States (BEAC).

Why invest in Cameroon?

Investing in Cameroon - There are several economic and social factors that make Cameroon an excellent entry point for Italian companies like yours in Central Africa.

We can say that Cameroon is the natural gateway to Central Sub-Saharan Africa.

Stability of Cameroon

The Democratic Republic of Cameroon is one of the most stable countries in central sub-Saharan Africa.

The Cameroonian government has managed to maintain a high level of internal political stability for over 40 yearsThis has enabled the emergence of a private sector and the creation of one of the most diversified economies in the region.

The risk of investment losses is relatively low compared to other neighbouring countries, also thanks to legislation that protects foreign investments in the country. Moreover, the Cameroonian people attach great importance to maintaining social stability as a common good and as a prerequisite for the growth of the country and society.

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Central Africa Cameroon - Country Profile

Cameroon's growth remained strong in 2014 at 5.3%, but fell short of the average growth target of 6% set for the 2010-20 period as set by the Growth and Employment Strategy Paper (2010-20 GESP), which aims to integrate Cameroon into the group ...

INTERNATIONAL MONETARY FUND - IMF

fr. Fonds Monétaire International-IMF; engl. International Monetary Fund-IMF; sp. Fondo Monetario Internacional-FMI; ted. Internationaler Währungsfonds-IWF. Multilateral financial organisation, with headquarters in Washington and a European headquarters in Paris, uniting 187 countries. It grants credit and technical assistance but is neither an international bank nor a ...