(Business in Cameroon) - Today, November 27, 2019, the 3rd edition of Cameroon Investment Forum (CIF), organized by the Investment Promotion Agency (API), was launched in Douala, the country's economic capital. This investment high mass ends on 29 November.
The theme chosen for this year's edition, scheduled to end on November 29, is “industrialization through import substitution.” It is in line with the Cameroonian government's objectives, which is to reduce the importation of consumer goods in order to improve the country's trade balance, which is in chronic deficit.
For instance, due to massive imports of products such as rice or frozen fish, Cameroon had a trade deficit of more than XAF300 billion in Q1 2019.
In addition to debates and other thematic meetings, the programme of the 3rd edition of the CIF also includes, among other things, B2B meetings and an exhibition of companies' products.