Investment Forum: Economic springboard

Some economic partnerships to promote investments in Cameroon, have been signed at the just-ended International Economic Conference.

The conference which ended on May 18,2016, was fertile grown for investors in various sectors to strike deals with Cameronian business operators.

The representative of a British-based company - NMS, Frederick HSU says they intend to embark on a project of up to 10.000 affordable houses to be constructed in Yaounde, Douala and Kribi. A project he estimates at about 208 million Euros.

A representative of Nigerian economic guru, Dangote says the company is not only interested in cement but also aims at investing in agriculture since to him, Africa should be self-sufficient in food production

Big deals to espand digital technology were also arrived at as some start-ups signed contracts with foreign investors and local companies.

The intra-urban bus transport system in Yaounde was also major target as well as the project to develop the Municipal Lake which the Yaounde Government Delegate gilbert says will cost about FCFA 200 billion.

Richard Howe, a businessman present in Cameroon since the 1980's mentioned his optimism in relation to the fallouts of this economic forum.

Another major economic move was the convention signed between the Investment Promotion Agency and the Moroccan Attijariwafa Bank group (referred to as SCB in Cameroon) for information exchange and funding of investment projects.