Cameroon embarks on fast track development agenda
Cameroon might be gearing up to enter a new era of development in light of President Paul Biya’s recent announcement that the government will implement an emergency development plan to strengthen and fast-track the country’s socioeconomic status.
In addition to several projects to be financed by the 2015 state budget, a consortium of four local banks and an international bank
will provide 925 billion CFA to finance the construction of hospitals, affordable housing, water projects and food markets across Cameroon’s ten regions.
The three-year plan is aimed at jumpstarting economic activity in many sectors and regions and is likely to lead to significant opportunities for foreign and local investors to exploit the country’s growing consumer market.
As Cameroon’s leading private sector development organization in the United States, CAMAM will dynamically participate in and monitor the progress of this ambitious development agenda.