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The Chinese company HUAN YU launched in March 2007, in the MAGZI industrial zone in Yaoundé the setting up works on an area of 5 hectares an important poultry firm of a regional dimension which worth 1 billion F CFA.
 
Home arrow Cameroon: Motivations
CAMEROON: Motivations Print

Cameroon is located in Central Africa with an area of 475 442 km2. It has a latitude of 2-13° north  and longitude of 8-16° east. Its population is estimated today at 16.5 million inhabitants among which 51.8% is based in rural area and increases annually at a percentage of 2.8% with a density of 34.7 inhabitant/km2. It has a maritime border of 420 km on which coastal activities are carried out. It is limited in the West by Nigeria, in the North – West by Chad, in the East by the Central African Republic, in the South by Congo, Gabon, and Equatorial Guinea. The presence of highly varied climates make of Cameroon a world wildlife and flora reserve. Cameroon counts 53 districts placed under 269 sub-divisions and 58 divisions placed under the authority of 10 provinces which are classified in agro-ecological zones as follows: 

 

  • Northern provinces (Adamaoua, North, and Far North) located in the Savannah zone where agriculture is the major activity (cotton, groundnuts, onion, rice, cereals), cattle and poultry farming and artistic activities.

 

  • Centre, South, damp and equatorial provinces, here people grow cocoa, coffee, and many other food crops. The forestry industry is particularly intense, especially in the East.

 

  •  North-west, South-West, Littoral and West provinces where important industrial plantations of tea, banana, coffee, timber, etc are found. Livestock farming and fishery are also practiced in this zone.

 

 The rural sector stands as the first sector of the national economy due to its contribution of 1/3 to the national GDP estimated at 15,9 billion CFA F in 2005. This sector represents 60% of the population and provides 55% of the total of the exports. Cameroon’s GDP represents half of that of CEMAC (Central African Economic and Monetary Community). Thus, it is a giant in the CEMAC sub-region. The potential of market in the CEMAC zone and Nigeria is estimated at 200 million inhabitants. All the border countries of Cameroon are interesting outlets with easy access either by road, railway, plane, or by sea for all the industrial promoters based in Cameroon.  

 

Cameroon’s transport links

  • 03 international airports (Douala, Yaounde, Garoua);
  • 04 Autonomous ports (Douala, Limbé and Garoua) ;
  • A sufficiently rich road network ;
  • The Cameroon Railway of 1115 km linking Douala (Littoral) to Ngaoundere(Adamaoua)

The achievement by Cameroon of the completion point of the highly indebted poor countries initiative(HIPC) in April 2006 gives the opportunity to this country to benefit from a substantial cancellation of its multilateral debt, estimated at 1400 billion CFA F  over a period  of 20 years and 750 billion CFA F of bilateral debt over a period of 10 years by France through the C2D programme. These funds will be reinvested in the education, health and infrastructure sectors. Besides, the investments charter provides a most conducive environment for direct foreign investments. The ratification of the OHADA (Organisation for the Harmonization in Africa      of the Company Law)  treaty which seeks to guarantee legal security in the carrying out of business activities and encourage recourse to arbitration for the settlement of disputes. The creation of GUCE(single office for external trade) at the port of Douala with the aim to reduce  the deadlines goods spend in this port, These measures are important indicators to attract private investment in Cameroon.

 

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