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)