logoBC
Yaoundé - 19 April 2024 -
Economy

Cameroon : INS identifies 209,482 firms during its 2nd business census

Cameroon : INS identifies 209,482 firms during its 2nd business census
  • Comments   -   Friday, 27 December 2019 16:27

(Business in Cameroon) - During the 2nd business census realized by the national institute for statistics INS, 209,482 companies were identified in Cameroon, official sources indicate.

This number, proof of the densification of the country’s productive fabric, has more than doubled compared with the 93,969 companies the INS identified during the 1st business census it realized in 2009.

According to the institution’s experts, this boom observed in company creation was spurred by the easing of company creation procedures, with the creation of Business Formalities Centres CFCEs in 2010 notably.  

These single windows that gather all the administrations involved in business creation helped create more than 60,000 companies in Cameroon between 2010 and 2016, the INS informs.  

The 2nd census also reveals the prevalence of micro-enterprises (79.2%) in the country’s productive fabric. Next comes small businesses (19.3%), medium-sized businesses (1.3%) and large companies (0.2%). 57% of those companies are based in Yaoundé and Douala, the two capital cities of Cameroon.

BRM

api-signs-key-agreements-to-boost-investor-access-to-economic-zones
The Investment Promotion Agency (API) reached two Memorandums of Understanding with the Port Authority of Kribi (PAK) and the Mission for the Development...
cameroun-repays-cfa39-8bn-debt-with-new-borrowings
On April 17, Cameroon reimbursed CFA39.8 billion on the public securities market of the Central African States Bank (BEAC). Renowned for its solvency...
cemac-raises-cfa4-336tn-in-2023-public-securities-cfa2-5tn-less-than-waemu
In 2023, the six Cemac countries collectively raised CFA4,336.3 billion on the public securities market of the Central African States Bank (Beac),...
cameroon-minister-urges-african-restaurants-to-unite-on-geographic-indications
Fuh Calistus Gentry, the interim Minister of Mines, Industry, and Technological Development, and Country Director of the African Intellectual Property...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »