Cameroon, a lower middle-income country with a population exceeding 27.2 million (2021), presents a promising landscape for international trade and investment. located along the Atlantic Ocean, Cameroon shares its borders with the Central African Republic, Chad, Equatorial Guinea, Gabon, and Nigeria. Cameroon is bilingual, with English and French as official languages. The nation is endowed with abundant human and natural resources, including a youthful and dynamic population, substantial reserves of oil and gas, various mineral deposits, prized timber species, and a diverse array of agricultural products such as coffee, cotton, cocoa, maize, and cassava. These resources offer significant opportunities for businesses spanning multiple sectors. Cameroon’s strategic geographic location within the Central African region grants it access to neighboring markets, rendering it an appealing hub for trade and investment endeavors.
Cameroon is situated in Central Africa, bordered by Nigeria to the west and northwest, Chad to the northeast, the Central African Republic to the east, Equatorial Guinea, Gabon, and the Republic of the Congo to the south, and the Atlantic Ocean to the southwest. It covers an area of approximately 475,442 square kilometers (183,569 square miles), making it the 53rd largest country in the world .
As of 2021, Cameroon’s population has surpassed 27.2 million people, predominantly youthful, with a substantial portion under the age of 25.The population of Cameroon is characterized by a rich diversity of ethnic groups grouped into four main cultural areas: the Sudanese-Sahelian region, the Grass fields, the coastal zone, and the Fang-Beti zone. The country boasts a multitude of languages spoken across its territory
Cameroon is divided into 10 regions: Adamawa, Centre, East, Far North, Littoral, North, Northwest, South, Southwest, and West. Each region has its own unique cultural, geographical, and economic characteristics.
Cameroon’s infrastructure includes a network of roads, railways, airports, and seaports. Major cities such as Douala and Yaoundé are well-connected by road and rail, serving as key transportation hubs. The country also has several international airports, including Douala International Airport and Yaoundé Nsimalen International Airport, facilitating both domestic and international travel. Seaports such as the Port of Douala play a crucial role in facilitating maritime trade.
Cameroon’s economy is diverse, with key sectors including agriculture, mining, manufacturing, services and hydrocarbons. Agriculture remains a significant contributor to the economy, employing a large portion of the population and producing crops such as coffee, cocoa, cotton, maize, and cassava. The country also has substantial mineral resources, including oil, gas, bauxite, iron ore, and gold. The services sector, particularly telecommunications and banking, has experienced significant growth in recent years.
Cameroon has over 7.2 million hectares of arable lands and a climate favorable to a wide variety of crops. Cultivable land represents 26% (1.8 million hectares) of arable land. Agriculture is the mainstay of Cameroon’s economy, engaging an estimated 70% of the economically active population and accounting for an estimated 17% to the country’s GDP. It is mainly carried out by cooperatives and family farms. They produce tubers (cassava, cocoyam, potatoes, potatoes), cereals (corn, peanuts, sorghum, etc.), market garden products, and fruits. Alongside these, a second category of players is made up of agro-industries (subsidiaries of large international groups in particular) which are very often specialized in the production of products intended for export (banana, pepper, rubber, oil palm, cotton, cocoa, etc.). Despite its strong potential, Cameroonian agriculture remains poorly mechanized. In addition, security conditions, as well as climatic conditions, have negatively impacted production volumes over the last few years. There is a significant deficit in production with respect to demand. Despite its significant potential, agriculture in Cameroon encounters numerous challenges, which ultimately hinder the country’s ability to adequately meet its growing food requirements. However, opportunities exist in the supply of vegetable seeds, in support of local seed production. The opportunities for UK companies in this sector include.
Leisure tourism is developing very slowly around memorial stays and massive seasonal returns of dual nationals and the Cameroonian diaspora. However, the country’s potential is remarkable and remains underexploited due to the lack of site development and the absence of access infrastructure. (beaches in the Englishspeaking regions and wildlife parks located in the far north of the country in particular).
% GDP | 3% |
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Number of tourism agencies | 250 |
Number of leisure establishment | 300 |
Number of Sites | 120 |
Number of tourism | 800,000 |
Number of hotels | 1003 |
Tourism Infrastructures | 18152 rooms 446 apartments 494 restaurants |
Area | Quantity |
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Number of Banks | 19 |
Density of Banking | 13 branches / 100,000 inhabitants |
Number of branches | 350 |
Number of ATM | 805 |
Number of accounts | 2.8 million |
The Cameroonian health system is structured around a public healthcare offering which represents 77% of reception and hospitalization capacities, with around 2,700 health structures, including 2,475 first contact establishments. In addition to the ordinary health facilities found in most towns and cities, Cameroon has three (3) General Hospitals in Yaoundé, Douala and Garoua. Referral Hospitals, one (1) in each of the other regions, whose technical facilities offer a wide range of services to users
RoadWays | Sea ways | Air ways | Rail ways |
---|---|---|---|
90% of domestic passengers | 4 sea ports | 1.06 international passengers | 1.7 million tones of goods |
5825km f target roads | 35.8 thousand flights | 1.2 million of passengers | |
0.02 vehicles per inhabitants | 51% international flights | 33 railway stations |
The Cameroonian Government has put in place measures to promote 'made in Cameroon' products through showrooms and business store units. Moreover, local products are available in various commercial establishments, mostly provision stores in 2020, ACTIS (UK private equity firm) invested $100 million to develop the Douala Grand Mall (DGM), currently the largest retail space in Central Africa. The infrastructure, which has an occupancy rate of 63% in mid-2022, accommodates major brand stores, cinemas, restaurants, etc.
Key Roles: Declaration of trade Policy Monitoring of international trade commitments implementation
Areas of Intervention: Trade policy Regulatory texts governing foreign trade operations Information on products eligible for the Preferential Tariff (CEMAC, ECCAS and AU) Procedures for registration on the importers’ register
Key Roles: responsible for land use planning at the national level, public investments and the control and evaluation of development programs www.minepat.gov.cm
Areas of Intervention: Infrastructures building etc
Key Roles: Definition and implementation of public finance policies and tax and customs regulations foreign exchange regulations
Areas of Intervention: Specific finance laws on derogatory measures Regulatory texts Customs regulations
Key Roles: prepares and implements the industrial and mining policy of Government and technological development strategies in the different areas of national economy
Areas of Intervention: Regulation of quality issues, intellectual property aspects, stamping, trade in mining products
Key Roles: responsible for the elaboration, implementation and evaluation of Government policy with regard to the development of small and medium sized enterprises, social economy and handicraft
Areas of Intervention: Business creation, small and medium size enterprises capacity building.
Key Roles: Responsible for agricultural policyand regulations concerning trade in plant species
Areas of Intervention: Texts governing trade in plant products Focal point for SPS measures
Key Roles: Definition and implementation of national livestock and fisheries policy
Areas of Intervention: Texts governing trade in animal products - on exemptions
Key Roles: Setting out and monitoring national public health policy
Areas of Intervention: Texts governing trade in pharmaceutical products - on exemptions
Key Roles: Defining and implementing national environmental protection policy
Areas of Intervention: Texts governing trade in forest and timber products - International conventions affecting trade (CIPRES, etc.)
Key Roles: Responsible for the development, implementation and evaluation of the Government’s forest and wildlife policy
Areas of Intervention: and evaluation of the Government’s forest and wildlife policy. International conventions affecting trade (CIPRES, etc.)
Key Roles: Definition and implementation of national transport policy
Areas of Intervention: Information on port and airport facilities and logistics bases
Key Roles: In charge of standardisation and product conformity issues
Areas of Intervention:Technical regulations - pre-shipment evaluation of conformity (PECAE)
Key Roles: Institution that represents and defends the interests of the private sector
Areas of Intervention: interests of the private sector Information on the conditions for issuing certificates of origin for exports.
Key Roles: Institution that represents and defends the interests of businesses in agriculture, fishery and forestry.
Areas of Intervention: Information on agricultural and livestocks statistics.
Key Roles: Public institution responsible for promoting investment
Areas of Intervention: Incentive measures provided for in the Investment Code concerning certain import and export operations
Key Roles: Economic interest group responsible for facilitating international trade operations The e-GUCE platform, thus providing the exporter with a series of basic functionalities.
Areas of Intervention: Organisation bringing together all the entities involved in foreign trade operations. Information on procedures
Key Roles: plays essential roles in streamlining import/export procedures, enhancing logistics efficiency, and promoting international trade
Areas of Intervention: Information on import and export procedures, in particular the CNSC fee.
Key Roles: Coffee and cocoa promotion institution
Areas of Intervention: Practical information on coffee and cocoa export procedures.
It takes 72 hours to set up a company. Before applying to the CFCE to set up a business, you must first obtain a number
For individuals | For legal entities |
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1 certified copy of the national identity card or birth certificate for nationals. For foreign nationals, the passport or residence permit; | 2 Certified copies of the statutes of the future company; these may be drawn up by a notary or under private seal; |
1 excerpt from Bulletin No. 3 of the crimi- nal record for nationals. For foreign natio- nals, 01 excerpt from the criminal record issued in the country of origin or any other country. | 2 Copies of the declaration of com- pliance, or of the notarized declaration of payment subscription; |
1 marriage certificate for those who are married. | 2 certified lists of managers, directors or partners who are indefinitely and personally liable, or who have the power to bind the company; |
1 residence certificate | 1 prior authorisation to conduct business, where applicable; |
2 4X4 photographs with names written on the back; | 1 business location plan signed by the applicant. |
Where applicable, prior authorization to operate the business; | |
A business location plan signed by the applicant. |
Bodies involved | Documents to be obtained | Amount required |
---|---|---|
Registry of the court of 1st instance | Registration in the Personal Property Credit Register | CFA 41,500 for individuals CFA 55,000 legal entity |
National Social Insurance Fund | Attestation for submission to the NSIF | 9.000 FCFA |
Taxation Centre | Attestation of non-use of sala- ried staff | 2.500 FCFA |
Patent exemption certificate | 0 FCFA | |
Enregistrement contrat de bail | 10% of the annual amount of the lease declared for a tenant promoter | |
0.11% property value for an It is aloso possible owner |