The evaluation was in Douala on May 30 during a MINEPAT-Private Sector meeting.
Top investors in the country discussed how to enhance economic growth and speed up implementation of private sector recommendations for a economic development made in Yaounde last April 2. A visible impact of this concertation is the reduction to 5 per cent of all customs duty.
In order to encourage investments while boosting economic growth in the country, government through the Ministry of Economy, Planning and Regional Development (MINEPAT) last February 29, 2012, set up a committee called "Follow-up Committee for the Recommendations of MINEPAT-Private Sector Concertations" through which the private sector proposes what they think would be necessary to attract further investment for the development of the country.
It filtered from the May 30 meeting in Douala in which the Minister of the Economy, Planning and Regional Development, Emmanuel Nganou Djoumessi, who is also President of the Committee personally chaired, that 40 per cent of the recommendations by the private sector have been effectively implemented. On a general note, the group was lauded for doing well and recording the satisfactory report.
Members of the Steering Committee for the Upgrading of Enterprises constituted by the Prime Minister's Decision n°016/CAB/PM of April 20, 2012 were installed into their functions. It is charged with strengthening the capacities in financial management as well as dispose sufficient skills to be able to participate in the accomplishment of major projects, while improving competition by Cameroon's enterprises on the international scene. They also are charged with constituting a list of eligible enterprises for the projects, which the Minister advised should be done in all transparency and objectivity.
