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Article: CAMEROON: Open for business
- Article from:
- New African
- Article date:
- December 1, 2006
- Author:
CopyrightCopyright International Communications Dec 2006. Provided by ProQuest LLC. (Hide copyright information)
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Now boasting the most diversified economy in the region, Cameroon has achieved rapid expansion and industrialisation. Political stability and an excellent business environment have also helped create an attractive investment destination. The country is now open for business.
The Economie and Monetary Community of Central Africa (CFMAC) comprises six countries with common borders (Central African Republic, Chad, Cameroon, Congo, Equatorial Guinea and Gabon). Only one country, CAR, is not yet an oil producer.
Forty per cent ot the goods produced by the six CFMAC slates are from Cameroon. The tigure rises to 58% it" oil production is excluded. Half of CEMAC's population lives in Cameroon and ...