BUSINESS CLIMATE IN CAMEROON

The Cameroonian government has successfully implemented major governance reforms.

At Institutional level
  • The creation of public/private sector institutions to improve the business environment (Cameroon Business Forum [CBF])
  • The establishment of institutions to oversee good governance such as the National Anti-Corruption Commission (CONAC), the National Agency for Financial Investigation, (ANIF)
  • The creation and commissioning of the Audit section of the Supreme Court
  • The creation of market regulatory institutions in the electricity, water and telecommunications sectors to ensure market transparency, etc.
  • The privatization of inefficient state-owned enterprises (150 of which have been privatized) Privatization is still ongoing.
  • The availability of technical institutions, higher education and university graduates with more than 10,000 university graduates yearly in various fields such as engineering, marketing, law, humanities, medical sciences, etc.
  • The creation of new national agencies to facilitate partnerships and promote investments such as: The Investment Promotion Agency and the Small and Medium-sized Enterprises promotion Agency
  • The creation of a Support Council for the Realization of Partnerships
  • The National Agency for Standards and Quality to ensure the quality of products made in Cameroon
  • The creation of a One-Stop Shop for Business Creation
  • The creation of a special committee to reduce the cost and duration of transit of goods through ports
  • The creation of an out-of-court dispute resolution mechanism to facilitate the resolution of investment disputes.
At regulatory level
  • The liberalisation of the economy
  • The Rationalization of Administrative Procedures
  • The ratification of new regulatory instruments to govern investment: A new investment charter. New law encouraging private sector investment
  • Streamlined customs procedures
  • A new tax code
  • A PPP legislation that offers various forms of investment such as; BOT, BOOT, BTTP etc.
  • A flexible labour code that allows workers to be hired and fired without excessive state intervention
  • The ratification of the Treaty to Harmonize Business Law in Africa
  • "OHADA" which strengthens investment security
  • The ratification of major investment treaties such as: MIGA, ICC, CIRCD etc...
  • The ratification of the Extractive Industries Transparency Initiative (EITI)