Biya unveils Cameroon's potentials at conference

In a context where Africa is suffering from the economic crisis caused by the fall in the prices of petroleum products and a drop in foreign investments, Cameroon has maintained a steady growth rate of 5.2%.

The investing in Cameroon Conference was another platform after Africa 21 and the series of investment forums Cameroon has organized in different continent is the attract foreign direct investments.

At the kicks of the two day brainstorming at the Yaound Conference Centre, Cameroon's chief executive, Paul Biya presented the country's attractive investment avenue to delegates at the Cameroon investment conference.

The President of the Republic in his opening address noted that the conference was an ideal forum to create an investment market.

Addressing the 500 investors and 2500 obervers present, President Biya said that growth is not an end but it is significant when it improves the living conditions of the population, justifying why Cameroon has placed man at the centre of development.

The youths who form the majority of Cameroon's 22million inhabitants were presented as a major asset for the development of the digital economy. They were invited to be creative and innovation in order to reap benefits from the highly competitive world.

The demography of Cameroon which stands out as the most populous nation in the central African sub region was presented to investors.

President Paul Biya said the strategic position of Cameroon as a crossroad between the Economic Community of Central African States, ECCAS and the Economic Community of West African States, ECOWAS and the its shares over 75000 km frontier either the biggest economy on the continent, Nigeria are potentials investors should consider carefully.

In the are of infrastructure, he sited the country's opening to the Atlantic Ocean, and the over 50000km of road in Cameroon constant development.

Cameroon has the second largest hydroelectric potential in Africa and varied infrastructure are being built to make available energy sufficiently and permanently.

In the area of human resources, cameroon was rated to have the highest literacy rate in sub Sahara Africa and has abundantly available Labour and qualified man power.

With regards to the investment climate, President Paul Biya noted emphatically that Cameroon is encouraging private investments. The country is also attracting productive investments for the wellbeing of the population.

President Paul Biya in his call to investors described Cameroon as an island of peace, a state of law that is stable and adaptable to different conditions. He said Cameroon will remember those who have taken part in the historic conference which prepares Cameroon to achieving its emergence objectives.