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Yaoundé - 15 December 2018 -
Cooperation

Algeria plans investments in Central Africa, starting from Cameroon

Algeria plans investments in Central Africa, starting from Cameroon
  • Comments   -   Thursday, 06 December 2018 12:33

(Business in Cameroon) - Algerian economic operators aim to enter the Central African market starting from Cameroon, Hocine Boubtina (photo), Secretary General of the National Agency for Promotion of Foreign Trade (ALGEX), announced. This was during an information day organized, December 5, in Algiers, to showcase business, partnership and export opportunities offered by Cameroon and other Central African countries.

“In recent years, we toured various African countries to scout markets […]. Algerian economic operators have now a clear vision of the market’s needs and the level of competitiveness they provide compared to foreign businesses already implanted in the market […]. Cameroon is an open door towards the Central African Monetary and Economic Community (CEMAC), which has up to 120 million customers, and we see that as a huge potential,” the Secretary said.

“There are indeed Algerian finished products that can be sold on the Cameroonian market, particularly agri-food products and home appliances, which are competitive; just as there are Cameroonian products that can be exported to Algeria, especially agricultural products and wood,” said the senior adviser to the Cameroonian ambassador to Algeria, Dairou Bouba, who took part in this information day.

BRM

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