Tuesday, 8 March 2016

Over 100 Belgian investors have prospected for business opportunities in Cameroon

A delegation of 60 Belgian economic operators landed in Cameroon on 29 February 2016, seeking business opportunities in the country. Before leaving Cameroon on 4 March 2016, these investors exchanged with the government and had B2B meetings with Cameroonian economic operators in Douala.

Led by a senior manager of the Antwerp Port, one of the most important in Europe, the delegation of Belgian investors from the infrastructure, agriculture, renewable energy, import-export, rail, road and sea transport, etc. sectors; visited the Douala and especially Kribi ports, with the latter normally scheduled to start activities during the second quarter of 2016.

Since December 2014, we note a great interest of Belgian investors in Cameroon. Indeed, after the twenty odd companies which participated in the Promotion Trade Fair in Yaoundé in December 2014, then the 25 entrepreneurs who visited Cameroon in May 2015, the delegation of Belgian economic operators who are leaving Cameroon on 4 March 2016 after a week of prospection, is the third to visit Cameroon within 2 years. In total, over 100 investors from this European country will have visited Cameroon in the period under consideration.

At this time, these Belgian economic missions have not yet resulted in increasing exchanges between the two countries. Even if according to Chamber of Commerce statistics, between 2009 and 2012, these commercial exchanges have grown by 16%, to around FCfa 185 billion. But, globally, Belgium only receives 5% of Cameroonian exports, while roughly 7.2% of the country’s imports come from Belgium.

Source: Business in Cameroon 

1 comment:

  1. Where are people commenting about investing in Cameroon which may become directly beneficial to them and their families? While many Africans remain silent on this topic and thinking only to leave Africa and never come back with investment, Europeans, Americans and Asians are flooding in Africa to buy all the last pieces of lands in our villages and exercise their monopoly in all the aspect of the local economy.