Cameroon: President Paul Biya’s new investment policy to boost the national economy
For several years, Cameroon has pursued an investment policy focused on modernizing infrastructure, diversifying the economy, and improving the business climate. Driven by President Paul Biya, this strategy aims to attract more domestic capital and encourage local entrepreneurs to fully contribute to the development of the country.
The central objective remains creating an environment conducive to sustainable and inclusive growth.
A major pillar of this policy is the modernization of core infrastructure. Whether in roads, energy grids, ports, or telecommunications, the government is working to strengthen the physical foundations essential for economic activity.
These investments not only facilitate trade but also reduce logistical costs for Cameroonian businesses, thereby improving their competitiveness.
Simultaneously, the promotion of the private sector is at the heart of the presidential vision.
Measures such as simplifying administrative procedures, digitizing public services, and creating dedicated investor desks aim to make the business environment more attractive.
The government also encourages local entrepreneurship through support programs, tax incentives, and backing for small and medium-sized enterprises.
Economic diversification constitutes another essential pillar. Cameroon is seeking to bolster promising sectors like agriculture, agribusiness, digital technology, and tourism.
By stimulating investment in these areas, the country aims to reduce its dependence on raw materials and open up new avenues for growth.
Finally, mobilizing domestic investment holds a privileged place in this dynamic. President Paul Biya regularly emphasizes the importance of Cameroonian economic players taking a leading role in the nation’s transformation.
By strengthening the confidence of local investors and highlighting existing opportunities, the national investment policy seeks to create a virtuous cycle for the benefit of the entire population.
Eric NZEUHLONG
