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Yaoundé - 19 October 2019 -
Economy

Industrialization at the heart of CIF 2019 in Douala

Industrialization at the heart of CIF 2019 in Douala
  • Comments   -   Tuesday, 01 October 2019 13:51

(Business in Cameroon) - Industrialisation through import substitution” is the theme retained for the third edition of the Cameroon Investment Forum (CIF). It will be organized on November 27-29, 2019 at Maison du parti, Bonanjo, Douala. The organizer, the private investment promotion agency (API), recently revealed this information during a press briefing at its headquarters in Yaoundé.

This edition is organized amid public authorities’ crusade against the massive importation of food products, hence the origin of the theme.

Let’s note that due to these imports, dominated by food products such as fish and rice, Cameroon recorded a trade deficit of more than XAF300 billion in Q1, 2019.

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