Bad business climate situation in ECCAS

The conference opened in Yaounde Thursday, December 11 to validate the proposals and suggestions made recently by a panel of experts.

Organized by the General Secretariat of the economic community of Central Africa (ECCAS) States and ACP (BizClim) on 11 and 12 December, Yaounde hosts the high level conference designed to validate the proposals and suggestions made recently by a panel of experts, for the facilitation of business in Central Africa.

Established by the Treaty of Libreville from 18 October 1983 and consisting of 10 States (Angola, Burundi, Cameroon, Central African Republic, Congo, Dr Congo, Gabon, Equatorial Guinea, Sao Tome & Principe and Chad), ECCAS suffers the complexity and the cumbersome regulations that impede job creation and growth in the region.

In November 2014, the World Bank Group published its Doing Business 2015 report, which established that the countries of Central Africa are the wrong-sized in terms of the ease of achieving business.

Cameroon, which weighs an important weight in the territory within ECCAS is still expected to play its role of locomotive. At the beginning of its proposed seven of great Ambitions, the Cameroonian president considered that regional economic integration constituted one of the major axes of his action. He appoint Antoine Louis Ntsimi to the position of Deputy Secretary-General of ECCAS.

Nearly ten years after this, the business climate remains a concern despite a proven potential.