Definitions and sources of data the data on foreign direct investment fdi in cameroon are collected by the banque centrale des etats dafrique centrale beac. The devaluation of the cfa franc against the french franc in january 1994 affected cameroon as it did other african states in the monetary association. West africa coastal climate change national adaptation workshop debrief. Summary of cameroons investment climate assessment english abstract. Improved investment climate within ohada project p126663 af. However, this decree is waiting to be approved which means onacc does not yet exist except on paper, despite a number of functions already being undertaken to some extent by minep. Pdf impact of investment climate reforms on growth and.
A variety of resources provide information on ghg emissions, such as wris cait. Cameroon investment legal environment for any economy to grow or decline, investment policy is the chief determining factor. Guinea has bilateral investment agreements with benin, burkina faso, cameroon, chad, china. O box 200444 abstract following the visits of the cameroonian president and hu jintao in 2006 and 2007 respectively, the cameroonian president in his speech called for chinese companies to come and invest in cameroon. Also, climate change is being mainstreamed in the agricultural investment plan. Specifically, cameroon s real gdp will have to grow by roughly 8% or 5. In this spirit, specific priority actions have been identified through consultation. Pdf 1mb cited by this study examines the impact of climate change on crop farming in cameroon.
Civil service salary increases after gradual payment of arrears and following pay rises in 1997 and 2000 somewhat boosted consumption, but this was offset by. Cameroon investment climate and private sector development. West africa 2018, 27 pages usaid has not yet produced a ghg emissions factsheet for cameroon. However, the major constraints remain the financing of alternative activities to deforestation, the main factor for the emission of greenhouse gases, and the ability to produce data on the environment. Climate change is here with us and the consequences are all. The countrys code of investment of 1990 ordinance no. One is the new industrial revolution, which could erode the importance of low labour costs, the traditional competitive edge of most sezs. By 1990 cameroon had been suffering under the yoke of economic crisis for nearly half a decade. Executive summary climatesmart investment is mainstream investment a dramatic drop in the price of clean technologies and the rise of smart policies are driving businesses to climatesmart investments. Pdf investment climate reforms and the development of smes. The investment climate is improving slowly, as cameroon begins to experience the highergrade technology being offered by u. Largescale land acquisitions since 2005 this report gives a detailed presentation of the legal framework for land transactions and investments in the agroindustrial sector in cameroon. Fluctuations in national income are due not merely to the decline in world.
During the 20042008 period, public debt was reduced from over 60% of gdp to 10% and. Cameroon is endowed with significant natural resources, including oil and gas, high value timber species, minerals, and agricultural products such as coffee, cotton, cocoa, maize, and cassava. Private capital and investment climate for economic growth. Cameroons economy suffers from factors that often impact underdeveloped countries, such as stagnant per capita income, a relatively inequitable distribution of income, a topheavy civil service, endemic corruption, continuing inefficiencies of a large parastatal system in key sectors, and a generally unfavorable climate for business enterprise. Does not qualify for investment incentives or any special benefits. Impact of investment climate reforms on growth and development of smes. Investment climate statements united states department. Cameroons fip investment plan is a roadmap for promoting synergies between adaptation and mitigation efforts, increasing carbon stocks, and restoring degraded landscapes through projects in forestry, agriculture, livestock, and energy with the crosscutting concern of gender and social equity. Cameroon has had a decade of strong economic performance, with gdp growing at an average of 4% per year. Has five business owners, none of whom is a legal entity. Investment authority of cameroon investment guarantees in cameroon.
Investment climate in cameroon has been summarized to include the following. One business owner holds 30% of the company shares, two owners have 20% of shares each, and two owners have 15% of. Usaid activities west africa regional environment program. Comparisons from south africa, nigeria and cameroon. Cameroons forest investment plan fip was endorsed in december 2017 during the fip subcommittee. Summary of cameroons investment climate assessment. The unfavourable investment climate in many african states results from poor governance. Preparing the national adaptation plan for climate change napcc and its investment strategy water resources perspective page 6 of 15 may 2018 particularly acute in all cattle and goat areas, particularly in the western uplands, the guinean. Climate change financing and aid effectiveness cameroon. Cameroon has always been a consi dered an example of political stabi lity and economic growth in a region particularly witnessed by conflicts. Currently, the website for the office of the prime minister. Account for climate change in developing tourism and craft industries activities regarding resources utilization in the craft industry water, natural resources, etc. Project on supporting investment promotion in africa data. Investment climate in cameroon fortune of africa cameroon.
The economic impact of climate change on agriculture in cameroon1 ernest l molua and cornelius m lambi2 1 an earlier version of this working paper was published as ceepa discussion paper number 17. Cameroons forest investment plan 6 fpic free, prior informed consent cnsc national framework for climate services co2 carbon dioxide comifac central african forest commission. Investment climate reforms and the development of smes. This report is mainly based on the results of an enterprise survey es undertaken in 2006 in cameroon. The capital city of cameroon has a population of approximately 3 million people in 2019, it is the countrys second largest city after the port city of. The economic impact of climate change on agriculture in.
Business 2011 summary data for cameroon, the overall ease of doing business status ranks the country 168out of 183 economies. One business owner holds 30% of the company shares, two owners have 20% of shares each, and two owners have 15% of shares each. A synthesis report, available separately, presents best practice and shared learning to help realize these priority actions. Ways of increasing economic cooperation between the united states and cameroon have come under discussion. The table below lists the rankings by each topic and the th following displays the enterprise surveys results for perceived constraints to firm investment. Two books on the subject by canadabased cameroonian university lecturer, dr adrien djomo, were launched in yaounde on march 22, 2016. Cameroons gdp growth had been projected to reach 3. The cameroon investment promotion agency is the primary or onestopshop website for investment that provides relevant. This paper was funded by the gef and the world bank. The countrys economy is predominantly agrarian and agriculture and the exploitation of natural resources remain the driving force for the countrys economic development. Learn more about the cameroon economy, including the population of cameroon, gdp, facts, trade, business, inflation and other data and analysis on its economy from the index of economic freedom.
Every week the economy and investment news from cameroon. In addition, a survey of 95 urban micro informal firms was undertaken during the same period of time. The stated objective in vision 2035 is to double overall energy production over the period, with a particular focus on hydroelectricity and gas as the main sources of power production. Investment climate the investment climate team provides evidencebased advisory services and support to help countries foster an investmentgrade business environment, maximize the benefits of private investment, and secure a share in global value chains. Cameroon is now supported by an international monetary fund imf.
Specifically, cameroons real gdp will have to grow by roughly 8% or 5. Climate investment opportunities in emerging markets. Official website of the presidency of the republic of cameroon. It is based on the information available at the time it was completed on june, 2014. Impact of chinese investment in cameroon asongne ngufor benis college of liberal arts shanghai university, china p.
Official pdf, 86 pages world bank documents world bank group. The cameroon investment promotion agency cipa is a parastatal institution with legal personality and financial autonomy with headquarters in. Handbook on improving the investment climate through eu action. Cameroon is endowed with abundant mineral wealth, but meaningful exploitation has been slow to materialize. Located in the heart of africa, cameroon is often described as africa in miniature, asserting that the country offers all the diversity of africain talent, climate, scenery, wildlife, culture, food, and geographywithin its borders. The cameroonian government wants to build a competitive and prosperous economy by boosting investment and savings. To this end, cameroons national assembly adopted an investment charter in april 2002 to attract international investors. It starts by distinguishing between the different categories of land. Investment climate statements united states department of state. The publication policy for staff reports and other documents allows for the deletion of. Cameroon s forest investment plan 6 fpic free, prior informed consent cnsc national framework for climate services co2 carbon dioxide comifac central african forest commission. The indc content brief aims to provide a summary analysis of existing and instead country mitigation and adaptation. Cameroon is aiming to become an emerging country by 2035.
289 1456 972 1302 523 1065 343 657 221 1473 1275 1266 1014 627 1215 544 618 1355 1125 14 1126 1208 825 686 742 9 557 169 1071 1403 1345 968 404 1477 1178 1478 199 1288 903