Cameroon

Located in Central Africa, Cameroon is a country on the Gulf of Guinea. It has a surface area of 475,442 km² and a population of over 27 million. It shares land borders with several neighbouring countries: Chad to the north, the Central African Republic to the east, Nigeria to the west and Gabon, the Republic of Congo and Equatorial Guinea to the south. Cameroon is considered the equivalent of Africa in miniature. Over 240 ethno-linguistic groups are spread across four cultural areas: Sudano-Sahelian, Fang-Beti, Sawa and Grassfield. This great cultural richness makes the country one of Africa's unique features. Cameroon's population is young, with 20% of Cameroonians aged between 15 and 24. The hospitality of the multilingual Cameroonian people is regularly praised.

Cameroon is the economic powerhouse of the Central African Economic and Monetary Community (CEMAC). Its economy is the most diversified in the Central African sub-region, despite growth that is far from inclusive. Subsoil products are still under-exploited and the country has very large mineral resources. Agro-industry is a priority sector for the government. The import substitution policy is one of the strong measures adopted to support the private sector. Cameroon is the main gateway to Central Africa, which allows it to supply countries such as Chad and the Central African Republic. Its economy accounts for 40% of CEMAC's GDP

The country can rely on its diversification policy to revive its economy, weakened by the post-Covid economic context. The latter has been seriously strained, slowing down the country's growth. It is currently at 4.1% with a projection of 4.6% over two years. Cameroon's social and political stability is an excellent argument for investors. On top of this, fiscal reforms are attractive. The import substitution policy and the law of 18 April 2013 encouraging private investment are incentives and aim to promote the "made in Cameroon".

(Sources :  Brucrep, Banque mondiale, Présidence de la République du Cameroun, France Diplomatie)