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Yaoundé - 24 February 2020 -
Economy

Cameroon among “vulnerable” countries in terms of investment (Coface)

Cameroon among “vulnerable” countries in terms of investment (Coface)
  • Comments   -   Friday, 05 July 2019 16:07

(Business in Cameroon) - On July 4, 2019, French credit insurer Coface published its social and political stability index (indice de fragilité politique et sociale en Afrique). In the index that informs investors about the degree of fragility of potential investments in Africa, Coface ranked ten African countries as “vulnerable”. These are namely Cameroon, Angola, Egypt, Djibouti, Ethiopia, Mauritania, Uganda, Chad, Mozambique and the Democratic Republic of Congo (DRC).

Cameroon’s presence on this list can be explained by the security crisis it has been experiencing since 2013, Boko Haram attacks in the Far-North notably. In 2017, the two anglophone regions were also affected by corporate demands that degenerated into separatists claims that regularly oppose separatist militants and the regular army.

For many months now, Adamaoua is also being faced with kidnapping. The kidnappers mainly target breeders whose families usually save by paying important ransoms.

In addition, in the East, Cameroon is also attacked by rebels from the Central African Republic who do not hesitate to cross the border to wreak havoc on Cameroonian territory.

BRM

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