Invest In Cameroon, Land of Attractiveness (Yaounde)

By on October 20, 2016

“Invest in Cameroon, Land of Attractiveness” was the name and theme of the international conference organized by H.E President Paul Biya of Cameroon. The conference which was held at the Yaoundé Congress Hall between the 17th and 18th of May 2016, was aimed at shedding more light on Cameroon’s potentials as an attractive destination for investors. The Invite Only conference, pulled together major players from Cameroon’s business and government circles. The government while making a compelling pitch as to why investors were most welcomed and better-off investing in Cameroon, they also created an atmosphere of debate through roundtable discussions made up of a cross section of well known panelists drawn from across Africa, Europe, Asia and America. These debates served as a platform for government to give a run down of what incentives existed or were being implemented to entice investors. It also enabled investors both local and foreign discuss about the hurdles they currently faced and anticipated. Finally, this was also a forum for prospective investors to ask questions on issues raised in the debates and meet with prospective companies needing investments.

An excerpt of H.E President Paul Biya’s opening speech (FR)

A short promotional video prepared by the Invest in Cameroon Team

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Welcome speech by Gilbert TSIMI-EVOUNA, Government Delegate to Yaoundé Urban Council.

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Arrival of the President of the Republic of Cameroon Paul Biya.

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Opening speech by President Paul Biya. Mr. Biya welcomed attendants and played his role effectively as the PR spokesperson-in-Chief for his country. The President laid out a comprehensive list of projects dubbed “Emergency Projects” which in his explanation will help Cameroon become an “emerging nation” in 2035.

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Keynote speaker José Manuel BARROSO, former President of the European Commission (2004-2014) and former Prime Minister of Portugal (2002-2004). Mr. Barroso reiterated Europe’s commitment to Sub-Saharan Africa and Cameroon in particular. He went on to echo the EU’s desire to partner with Cameroon towards it’s journey to becoming an emerging nation.

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Dr. Un-Chan CHUNG, former Prime Minister of South Korea (2009-2010). Dr. Chan’s keynote centered on South Korea’s economic journey from an undeveloped country to one of the world’s great examples of sustainable and inclusive growth. He laid bare the simple but important principles which animated Koreans and contributed to the outstanding growth of their economy.

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Tony ELUMELU the Group Chairman of UBA was the last keynote speaker of the morning. Mr. Elumelu in colorful fashion praised Cameroon as a country with a ready pool of highly trained professionals ready to take on important responsibilities and participate in Cameroon’s emergence. Tony also talked about his pledge to set aside $100 million to finance startups across Africa. Mr. Elumelu is a proponent of Africapitalism a term loosely defined to mean Africa must take an active role in financing its projects of the future and not just relying solely on others.

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Yanic Nana CEO of FINANCIA Capital moderating the Cameroon Financial Attractiveness roundtable.
Speakers:
Alamine Ousmane Mey (Minister of Finance, Cameroon)
Mohamed EL-KETTANI, Chairman & Chief Executive Officer, Attijariwafa Bank
Dr. Paul FOKAM, Chairman & Chief Executive Officer, Afriland First Bank
Baudouin PROT, Chief Executive Officer & Chairman, BNP Paribas (2003-2014) ; Senior Advisor, Boston Consulting Group. The group was very animated and was the most anticipated of the evening.

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Private Sector and Growth Dynamic Roundtable.
Moderator: Pr. Touna MAMA, Special advisor to the Prime Minister
Speakers:
Jean-Paul MELAGA, General Manager, Whitestone Finance, Henry ASZKLAR, Chief Executive Officer, Globeleq
Pr. James MOUANGUE, Associate Professor of Law, University of Douala
Protais AYANGMA, Coordinator, private sector platform; President-founder, ECAM

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Cameroon’s Macroeconomic Perspectives- Growth forecast Roundtable.
Moderator: Pr. Roger TSAFACK NANFOSSO, Rector, University of Dschang
Speakers:
Louis-Paul MOTAZE, Minister of the Economy, Planning, and Spatial Planning, Republic of Cameroon
Isaac TAMBA, Director of Economics, Ministry of the Economy, Planning, and Spatial Planning, Republic of Cameroon
Kadima KALONJI, Resident Representative in Cameroon, IMF, Racine KANE, Resident Representative in Cameroon, African Development Bank
Lucas ABAGA NCHAMA, former Governor, Central Bank of West African States.

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Roundtable on the Intersecting views on the role played by the private sector in Africa’s growth.
Moderator: Pr. Bruno BEKOLO EBE, Associate Professor of Economics, University of Douala
Speakers:
Daniel COHEN, Professor & founding member, Paris School of Economics
Pascal LAMY, Director-General, WTO (2005-2013); President emeritus, Jacques Delors Institute
Dr. Donald KABERUKA, 7thPresident, African Development Bank (2005-2015)
Dr. Acha LEKE, Senior Partner, McKinsey & Company
Ade AYEYEMI, Group Chief Executive Officer, Ecobank Transnational Incorporated

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