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Cameroon Investment Projects Register

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Cameroon Investment Projects Register CAMEROON INVESTMENT PROJECTS REGISTER CAMEROON INVESTMENT PROJECTS REGISTER Updated June 2010 Available at: http://www.cbcglobal.org/cameroonprojects2010.aspx CAMEROON INVESTMENT PROJECTS REGISTER Updated June 2010 with the financial support of the Office of the Prime Minister, Head of Government. Available at: http://www.cbcglobal.org/cameroonprojects2010.aspx TABLE OF CONTENT ABBREVIATIONS 4 PRIVATE INVESTMENT IN THE COMMERCE AND TRADE SECTOR 33 INTRODUCTION 7 PRIVATE INVESTMENTS IN THE PROMOTION OF SMALL AND MEDIUM SIZED ENTERPRISES 34 PUBLIC SECTOR INVESTMENT PROJECTS 9 PRIVATE INVESTMENTS IN AGRICULTURE AND AGRO-INDUSTRY 36 INVESTMENTS IN THE TRANSPORT SECTOR 10 PRIVATE INVESTMENT IN THE PUBLISHING SECTOR 42 INVESTMENTS IN ROAD INFRSTRUCTURES 12 PRIVATE INVESTMENTS IN THE DEVELOPMENT OF RENEWABLE ENERGY 43 INVESTMENT IN INDUSTRIAL PRODUCTION 14 OTHER PUBLIC INVESTMENT PROJECTS IN THE PIPELINE INVESTMENT IN MANAGEMENT AND HUMAN DEVELOPMENT 16 44 INVESTMENTS IN THE ENERGY AND WATER SECTORS 17 TRANSPORT SECTOR 45 INVESTMENTS IN THE EXTRACTIVE INDUSTRY SECTOR 19 ENERGY AND EXTRACTIVE INDUSTRY 45 INVESTMENTS TO PROMOTE SMALL AND MEDIUM SIZED ENTERPRISES 21 AGRICULTURAL RESEARCH, AGRICULTURE AND AGRO INDUSTRIES 46 INVESTMENTS IN TOURISIM AND LEISURE SECTORS 23 POST AND TELECOMMUNICATIONS 46 INVESTMENTS IN THE AGRICULTURAL AND AGRO-INDUSTRY SECTORS 25 ENVIRONMENTAL PROTECTION AND FORESTRY47 SPORTS AND PHYSICAL EDUCATION 47 INVESTMENTS IN THE TELECOMMUNICATIONS SECTOR 27 GOVERNANCE AND ADMINISTRATION 47 INVESTMENTS IN THE HEALTH SECTOR 28 CULTURE 48 INVESTMENTS IN YOUTHS AFFAIRS 29 INVESTMET IN URBAN DEVELOPMENT AND HOUSING 31 HEALTH SECTOR 48 PRIVATE INVESTMENT PROJECTS 32 PRIVATE INVESTMENT IN THE HEALTH SECTOR 33 4 ABBREVIATIONS ADB African Development Bank ADC Cameroon Airport Authority AFD Agence Française de Développement ALUCAM Cameroon Aluminium Industry APD Development APS Association of Product Safety ARSEL l’Agence de Régulation du Secteur de l’Energie ASECNA Agence pour la Sécurité de la Navigation Aérienne en Afrique et à Madagascar BADEA Arab Bank for Economic Development in Africa BEAC Central Bank of Central African States BDEAC Bank de Développement des Etats de L'Afrique central BID International Development Bank BOT Build, Operate and Transfer CBC Commonwealth Business council CCIMA Cameroon Chamber of Commerce Industry Mines and Crafts CEDES Consultants et Experts en Concepts de Développement Economique et Social du Cameroun CEMAC Community of Central African States CHL Cameroon Hotels Limited CIF Cameroon Investment Forum CIME Centre International des Métiers d’Entreprises CNIC Chantier Naval et Industriel du Cameroun CNPS National Social Insurance Fund CONAC National Commission for the fight against corruption FDIs Foreign Direct Investment FMO Dutch Development agency GFAC Groupement des Femmes d’Affaires du Cameroun 4 GoC Government of Cameroon GRADIT Groupe de Recherche, d’Application et de Diffusion des Technologies GTZ German Technical Cooperation HTT Personnel High Tech Telesoft ICTs Information and Communication Technologies IFAD International Fund for Agricultural Development MDGs Millennium Development Goals MINADER Ministry of Agriculture and Rural Development MINCOMMERCE Ministry of Commerce MINCULT Ministry of Culture MINDUH Ministry of Urban Development and Housing MINEE Ministry of Energy and Water MINEP Ministry of Environmental and Nature protection MINEPAT Ministry of Economy Planning and Regional Development MINEPIA Ministry of Fisheries and Livestock MINFOP Ministry of Professional Training MINIMIDT Ministry of Industry, Mines and Technological Development MINPMEESA Ministry of Small and Medium-Sized Enterprises, Social Economy and Handicraft MINPOSTEL Ministry of Posts and Telecommunications MINSANTE Ministry of Public Health MINSEP Ministry of Sport and Physical Education MINT Ministry of Transport MINTOUR Ministry of Tourism MINTP Ministry of Public Works NEMP National Environmental Management Plan OFID OPEC Fund for Economic Development OHADA Organization for the Harmonization of Business Law in Africa ORIT Oritani Financial Corporation 5 PAPDEP Programme for improving public expenditure PKI Public key Infrastructure PNG National Governance Programme PPP Public Private Partnership SMEs Small and Medium Sized Enterprises SNH Société National d'Hydrocarbure SODECOTON Société pour le Développement du Cotton SONARA National Oil Refinery UDEAC Customs and Economic Union of Central Africa UNDP United Nations Development Programme UNEXPALM Union des Exploitants du Palmier à Huile 6 INTRODUCTION This Investment Projects Register was originally put together by the Commonwealth Business Council in partnership with the Government of Cameroon and the private sector sponsors of the 2009 Cameroon Investment Forum held in Yaoundé. It has been updated (June 2010) with the financial support of the Office of the Prime Minister. It focuses on the new opportunities for investment partnerships emerging across Cameroon and the Central African Region. The project register is aimed at global business leaders looking for profitable investment opportunities in a stable environment, rich in mineral, natural and human resources. It presents the core areas of future investments for Cameroon. It presents investments of interest to private sector Companies, Investment Authorities, Chambers of Commerce, Chambers of Agriculture Animal Husbandry and forestry as well as Small and Medium Sized Enterprises (SMEs). A brief socio-economic situation of Cameroon has been presented with a view of attracting Foreign Direct Investments and development. The Socio-Economic Situation of Cameroon Cameroon is a bilingual (English and French) country situated along the Gulf of Guinea. It has a population of about 20mns (latest census) the country enjoyed an economic growth rate of 7% up till 1985. The economic depression of 1986 and the present world financial crisis have led to a drop in this growth rate to less than 4%. Despite this, the GDP per capita in 2008 was $2,152, one of the ten highest in sub-Saharan Africa. The country’s economy is powered by agriculture 46%, industry 21% and services 33%. The labour force by occupation is 70% agriculture, 13% industry and commerce, and other services 17%. Several development strategy and processes are underway to boost the economic, social and environmental dimensions of sustainable development. Most notable of these include: the National Strategy for the Enhancement of Economic Growth and Employment, National Environmental Management Plan (NEMP), the Millennium Development Goals (MDGs), the National Programme on Good Governance (NPGG), the National Commission for the fight against corruption (CONAC). There is also a national strategic plan to fight against HIV AIDs. Cameroon is part of the Bank of Central African States (of which it is the dominant economy), the Customs and Economic Union of Central Africa (UDEAC) and the Organization for the Harmonization of Business Law in Africa (OHADA) These programmes have been conceived to enhance a favourable business climate and to attract Foreign Direct Investment and Development with a vision to making Cameroon a benchmark emerging economy by 2030. 7 Attracting Foreign Direct Investment and Development Foreign Direct Investment is considered an essential source of capital when accompanied by the transfer of technology, knowledge and the creation of employment opportunities thus bridging the gap between North and the South. Through FDIs, foreign companies create linkages with local enterprises and help in building a competitive domestic enterprise sector. This form of Public Private Partnership (PPP) adopted by the Government of Cameroon helps to expand production capacity, opens paths to advanced technology and management practices and creates jobs for the economy. The investment projects register therefore provides business options to technical and financial partners seeking new investment opportunities or expanding existing ones in a stable and resourceful economy. The Register As presented in the tables that follow, projects have been identified from both public and the private sectors. The project title is presented by development sector, with some information about the available resources at the time studies for the projects were conducted. Details of the project owners and/or promoters are indicated for subsequent contacts and correspondences. The project value, current funding levels and financial requirements are in millions FCFA. (roughly 500 to the USD) Technical requirements and relevant observations with respect to each of the projects are indicated. 8 PUBLIC SECTOR INVESTMENT PROJECTS 9 INVESTMENTS IN THE TRANSPORT SECTOR Requirement Project Description Current Funding Project value Observations Project Owner/Promoter (Million FCFA) Level (Contact Details) Financial Project Title Sources Activities Resources (a) Technical (Million FCFA) (C = a – b) (b) Under preparation: Declaration of public utility signed, expropriation decree is being prepared for MINEPAT/Department These costs signature and geo- of Projects Mr. Abouna 20 000 in 2010 concern only basic seismic survey Construction of Zoa Guy, (+237) 20 000 Ongoing infrastructures. The carried out . GOC CONSTRUCTIO Kribi Deep 22 23 35 81/ negotiations with constructions of Compensation and 215 000 N Seaport Fax: (+237) 22 22 15 57 195 000 China to finalise terminals are resettlement www.camnetclient.cm/ DP 195 000 funding envisaged as a imminent. minepat. PPP below. Negotiations
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