Cameroon attracts over 500 UK investors

The peaceful and welcoming atmosphere in Cameroon has seen over 500 British businesses interested in investing in Cameroon. This was recently revealed by Mark Simmonds, the British Foreign and Commonwealth Office Minister for Africa.

Simmonds made this disclosure during a press briefing at the British High Commission in Yaoundé after the Prime Minister, Philemon Yang, led a delegation to Britain for the Trade and Investment Forum two weeks ago.

He believed that the UK-Cameroon Bilateral relations centre on joint prosperity which is achievable through trade and investments. “Great Britain and Cameroon have a long historical relation following trade investments. We are in Cameroon to facilitate greater UK investments in Cameroon. These 500 companies wanting to invest in Cameroon intend to boost the business climate within the country. As a result, these investments will benefit the public and private sectors,” Simmonds stated.

To him, British investments in Cameroon will dwell on the Energy, Agriculture, Infrastructure and Tourism sectors. “These four sectors are fundamental for development and generate maximum profit for a win-win corporation.”

Other issues discussed include the insecurity posed by the Islamic sect, Boko Haram and insecurity in the Central African Region.