Boosted as always by exportations of raw materials including forestry products, hydrocarbons, cocoa, coffee, cotton and rubber, the Cameroonian economy realised in 2001 a growth of 4.1 percent of the GDP, a sign of a marked progression of the recovery started in 2010, official figures have revealed.
Read more: Cameroon posts a 4.1% growth in 2011, confirms recovery
The increasing fame of this three-yearly business confab considered as the most important trade show in Central Africa has prompted the increasing number of exhibitors and participating countries.
Read more: About 30 countries, a thousand of exhibitors take part in Cameroon's 4th Trade Show
China Petroleum and Chemical Corporation (Sinopec) has taken possession of 80% of Pecten Cameroun Co shares, through its subsidiary Addax Petroleum. The latter is an oil exploitation unit formerly owned by Shell.
Su Shulin, President of the Chinese Group Sinopec since 2007
Read more: Cameroon: European companies replaced by Chinese firms
During the last meeting of the Board of Directors of the 295-member Employers' Movement, Protais Ayangma Amang, President of Cameroon Enterprises (ECam), his Vice Presidents Célestin Tawamba, Jean Perrial Nyodog and the Director General Christian Pouth, discussed several issues concerning the development of SMEs and the 2012 Doing Business classification.
Read more: Cameroonian Employers contest the « good score » given by Doing Business
The Cameroonian Head of State, Paul Biya, running for re-election in the 9 October presidential elections, said at the third congress of the ruling party, RDPC, held on 15 September, that Cameroon would soon enter into a faster development phase; the policy of « great ambitions » that has been in force so far is to be replaced by that of «major accomplishments ».
Read more: Cameroon: paving the way for major projects and presidential elections
