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Best Business Opportunities in Cameroon, Africa - Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Reasons to Start a Business in Cameroon

Cameroon is one of the most stable and democratic nations in Africa. It's also a developing market with plenty of space for expansion, so it's not surprising that more people are setting up enterprises in Cameroon. You could desire to start a business in Cameroon for a variety of reasons:

1) The population is youthful (median age of 19), which means your company has the opportunity to grow alongside them.

2) English is widely spoken in Cameroon, making doing business here easier for entrepreneurs from other African countries.

3) Cameroon has made strides in recent years to improve its infrastructure, such as by developing roads and trains, making doing business easier than ever before.

4) Cameroon's political situation is stable;

 

What are the Natural Resources in Cameroon?

Cameroon's natural resources are diversified. Petroleum, iron ore, manganese, limestone, marble, and uranium are among them. Cameroon has become one of Africa's wealthiest countries, second only to South Africa. Gold, copper, zinc, and bauxite are also major minerals. Cameroon's most valuable export commodity is petroleum, which is also utilised as a domestic fuel. Iron ore has traditionally been shipped to France for processing before being used in French steel mills; but, due to recent high global steel prices, direct shipping from Cameroon is being considered.


What are the Business Opportunities in Cameroon?

The business opportunities in Cameroon are vast and diverse. It has risen at a compound annual rate of 6% since 1994, making it one of Africa's greatest economies. It has abundant natural resources, particularly petroleum, which provide for 80% of export earnings and 40% of government revenue. Food and beverage, textiles and footwear, chemicals, metal goods, base metals/alloys, and ceramics/glassware are among the non-petroleum industries that are diversified and increasing steadily. These non-oil industries get more than half of all foreign investment. Cameroon's investment climate is also quite favourable, as its laws protect investors and there are no restrictions on profit or capital repatriation.

 

What Businesses are successful in Cameroon?

This response will vary depending on your field of expertise, but here are some common topics of interest: Agribusiness, oil and gas, and financial services are all examples of industries. The country's rapid economic growth has resulted in numerous new business prospects in a variety of industries. Many foreign investors are drawn to Cameroon because of its location in Central Africa, which has grown increasingly important as a trading corridor. Cameroon is one of Africa's fastest-growing economies, thanks to its relatively stable political situation. It also rates well for ease of doing business (46th out of 189 nations), according to World Bank data.

 

Is Cameroon Good for Business?

You can save time and money by determining whether a country is suitable for your type of business. The infrastructure, personnel, and political structure of a country all have an impact on your new business, according to experts. We've prepared some useful facts about doing business in Africa's 54th largest economy to help you decide whether Cameroon is suited for you. In particular, how simple it is to get started, as well as characteristics such as internet speed and mobile connectivity - all important factors that will influence your capacity to run a successful business.

It's important to remember that beginning a business is difficult no matter where you are in the world, so don't become disheartened if you run into difficulties.

 

Starting costs are low-According to Doing Business 2018, forming a new company in Cameroon takes only $3,871 and five days on average. In 2017, it cost $4,082 and took six days. You'll be able to take advantage of tax benefits designed to stimulate investment in small enterprises, in addition to being simple to set up. Companies having an annual sales of less than 10 million CFA francs (about US$20,000) can, for example, benefit from a 50% corporate tax cut for the first three years of existence. Furthermore, gains are tax-free until your income reaches at least 20 million CFA francs ($40k). Aside from these advantages, it's worth noting that Cameroon boasts a number of free trade zones. Investors who seek to import equipment or raw materials without paying import charges are given favourable consideration.

 

There are plenty of opportunities-Despite the fact that Cameroon does not have one of Africa's largest economies, it nevertheless has lots of business potential, especially given its population of 23 million people. ExxonMobil, Nestlé, and Procter & Gamble are among the country's numerous significant multinational firms, all of which are eager to tap into West Africa's booming consumer markets.

Business-Friendly Policies and Government Initiatives;

Cameroon has become one of Africa's most open and free-market economies as a result of its 2013 law reforms. According to the World Bank Group's 2018 Ease of Doing Business Index, it is presently ranked 10th out of 189 nations for ease of doing business. Foreign investors are no longer required to form joint ventures with local enterprises; they can start their own businesses without government approval. Foreign investment quotas are no longer in place. The administration also simplified and transparentized the tax code. The country's overall tax rate is only 35%, which includes corporate income taxes, value-added taxes (VAT), and import levies.

 

Cameroon Industrial Infrastructure

Major population centres are connected by highways and air travel. The Trans-Gabon Railway connects ports, mines, and oil fields in Gabon. This year saw significant construction on new railway lines connecting Douala, Edea, and Ngaoundere to Yaoundé, as well as work on old lines being rehabilitated. For the export of timber, a new railroad line is being built from Betare Oya to Kribi. The country's road network spans over 50,000 kilometres (31,000 miles), with 4,500 kilometres (2,800 miles) of paved highways. Most major roads are two lanes wide, however due to a lack of financing, most routes remain unpaved. Domestic flights inside Cameroon and international flights to neighbouring countries such as Nigeria are served by three international airports located in Douala (the main city), Yaounde, and Garoua.Investors who seek to import equipment or raw materials without paying import charges are given favourable consideration.

Getting Your Documents in Order Getting Your Documentation in Order: When you want to start your own business, the first step is to have your documents in order. It's critical to set up all of your legal documents as soon as you start working on your firm, including creating an account with the tax office (the Agency National de Recouvrement des Cotisations et Impôts) and registering your company with the appropriate authorities. You may complete both tasks online, so it won't take long

Registering a Trademark Another thing you should do right away is register your new company's trademark. This will both prevent your name from being used by others and grant you exclusive rights to use it. It will also enable you to expand abroad without worrying about trademark concerns in other countries or areas.

 

Industrial Growth Cameroon

Natural resources, such as oil, agriculture, and minerals, abound throughout the country. It's no surprise, then, that Cameroon's manufacturing industry is booming. Manufacturing has grown to be one of Cameroon's main industries, employing around 160,000 people, according to a recent research by Ernst & Young (4 per cent of its labour force). Cameroon has a lot of promise for automobile production and investment in manufacturing, according to Ernst & Young's Africa attractiveness assessment, because labour costs are low yet skills are good. Textiles, leather goods, food processing, and beverages are the primary areas where growth is projected.

Cameroon also has a number of key advantages when it comes to attracting foreign direct investment (FDI):

1It is Francophone;

2) It has a well-developed infrastructure;

3) Its economy is open; and

4) It offers a variety of services.Investors who seek to import equipment or raw materials without paying import charges are given favourable consideration.

 

Market Size Cameroon

Cameroon has had a constant growth rate; the country has a population of 10.5 million people and is categorised as a low-income country. The GDP per capita is expected to be $1,520, and there are business prospects in all sectors of the economy. It imports a wide range of items from other countries, including automobiles, electronics, machinery, chemicals, and mining equipment. However, growth has been modest during the last 20 years. Cameroon's gross domestic product (GDP) dropped in 2017, according to IMF figures, but is predicted to return in 2021, with 3.4 percent growth projected. Because the Central African Franc is pegged to the Euro, inflation has been moderate throughout the same time period. Despite being a member of the Economic and Monetary Community of Central Africa (CEMAC), Cameroon has little trade with Chad and Equatorial Guinea.

We can provide you detailed project reports on the following topics. Please select the projects of your interests.

Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects on the following topics.

Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.

We can modify the project capacity and project cost as per your requirement.
We can also prepare project report on any subject as per your requirement.

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Edible Corn Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Layout

Edible corn oil is manufactured from maize, wheat and other corn bearing oil by solvent extraction process. Corn generally contains oil. There are several stages required for the production of refined corn oil. In India there are few manufacturers of corn oil, say almost it is negligible comparison to other oil extraction unit. There is about 35% vegetable oil imported in or country. So it is better for a new entrepreneur to invest.
Plant capacity: 10 MT Corn Oil/ DayPlant & machinery: Rs. 3 Crores
Working capital: Rs. 5 CroresT.C.I: Rs. 11 Crores
Return: 35.00%Break even: N/A
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Coconut Oil from Copra - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Copra, the main product of coconut, forms an important source of vegetable oil and contains 65 % oil. Fully matured nuts give high yields of copra of good quality. Coconut oil is extensively used for edible and industrial purposes, as a ghee substitute , and the major industrial use of coconut oil is in soap manufacture. Coconut oil is used in pharmacy as an ointment base. India ranks third in coconut. From the present production of 12,000 millions, the deficit to be covered in 6000 million nuts. There is huge market potential from this project for entrepreneurs.
Plant capacity: 10 Ton/ DaysPlant & machinery: Rs. 27 Lakhs
Working capital: Rs. 215 LakhsT.C.I: Rs. 295 Lakhs
Return: 41.40%Break even: 44.17%
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Ginger Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Ginger is one of the most important and oldest of spices used in every food preparation. It has a warm pungent taste and a pleasant odor hence it is widely used for flavouring in various food preparation and beverages, ginger bread, soups, pickles and soft drinks. The oil is contained chiefly in the epidermal tissue; so unpeeled ginger has much appeal for distillation than peeled ginger. Cochin and Calicut (in India) produces the finest grade with the most delicate aroma and taste. For the extraction and distillation of this oil, both fresh green ginger used for the preparation of candied ginger (in sugar syrup) and dried or cured ginger applied as spice are used. Fresh ginger is sometimes used in the preparation of ginger wine or used as beverage in some countries. There are also various uses of dried ginger. It is a well accepted fact that India is the largest producer of ginger in the world, exporting in three forms ? fresh (green), pickled or processed and dry. There is a large market for both fresh and dried ginger. The main application of ginger oil are confectionery beverages and baked products. There is also a minor outlet for the perfumery industry. There is good potential for entrepreneurs in this field.
Plant capacity: 10 Kgs/DayPlant & machinery: Rs. 6 Lakhs
Working capital: Rs. 19 LakhsT.C.I: Rs. 42 Lakhs
Return: 1.00%Break even: 31.63%
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Cocoa Beverages in Granule Form (Health Drinks)-Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Cocoa beverage is manufactured by the mixing of ingredients like cocoa powder, milk powder, sugar and vitamins homogeneously. It can be substitute of Milk products. Demand of cocoa beverages is increasing about 10% per annum. It is used as health drinks, to make the chocolate and flavoured food. Few companies in organized sector are engaged in manufacture of Cocoa beverage in India. It is being imported to fulfill the requirement of Indian companies. Any entrepreneur enter in this field will be successful.
Plant capacity: 5 MT/DayPlant & machinery: Rs. 39 Lakhs
Working capital: Rs. 27 LakhsT.C.I: Rs. 90 Lakhs
Return: 74.00%Break even: 22.92%
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TAMARIND BASED PRODUCTS- Tartaric Acid, Food Colour, Crude Pectin, Tamarind Oil, Tamarind Protein - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery

India is the major producer of tamarind in the world. In the tropic zone, tamarind is used in many dishes or traditional drinks, but the commercial cultivation of the crop was initiated only recently. Every part of the tree is useful, specially the fruit. The sweetish acidic pulp of the fruit is the product of commerce. Recently, much attention is given to the various constituents in tamarind, which find use in both medicinal and industrial field. The ripe tamarind fruit can be separated into pulp and kernel, both having diversified uses in medicine and industry Tamarind products possess good export potential. Even though, traditional processing is widespread, its commercial uses or unknown and underdeveloped. The growing demand for tamarind and its products should be encouraged at the farmers level, by developing high yielding short term varieties and effective breeding techniques. There is no doubt that tamarind has got a glorious future ahead, provided sufficient attention and encouragement is provided at all levels.
Plant capacity: 3200 Kgs./DayPlant & machinery: Rs. 112 Lakhs
Working capital: Rs. 230 LakhsT.C.I: Rs. 494 Lakhs
Return: 31.52%Break even: 53.09%
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Soyabean Oil, Soya Paneer and Soya Extract - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Soyabean is one of the most important agro based product which has commercial value after rice, wheat, maize etc. It is generally cultivated in the tempered region with water availability. It is generally matured in the month of November. Soyabean oil has commercial value in the field of vegetable oil. Soyabean oil can be extracted from soyabean by solvent extraction process. All of the soyabean products, due to its high nutritive value and protein content, is becoming more and more common in the daily diet of Indian population. It is widely consumed by household, hotel and restaurants, international and boarding places and by many other sectors. The main popular products from soyabean are soyabean oil, soyabean milk and soya paneer, soyabean extract, oil cake etc. Due to its high nutritive value and moderate price the demand of soyabean right now are increasing immensely. So as a whole it is a good project to invest for a new entrepreneur.
Plant capacity: 15.00 MT /Day 19.75 MT Soyacake /DayPlant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Stearic Acid - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Stearic acid is a saturated fatty acid occurring abundantly in natural oils and fats. Large quantities of stearic acid are used in the manufacture of candles, and in rubber compounding. Stearic acid is also used in the preparation of cosmetics and in ointments as a substitute for wax and for preparing castor oil suppositories, when partly neutralised. The acid is also used in preparing metal and shoe polishes. It is also used in the manufacture of various separates. Most commercial stearic acid is about 45 % palmitic acid, 50 % stearic acid and 5 % oleic acid but purer grades are increasingly used. Fatty acids in the form of stearic acid are used extensively. Stearic acid claim for more than 35 % of total consumption of fatty acids. Rubber industry is using stearic acid for softening rubber, natural as well as synthetic at the rate of 4 to 5 % of the total weight of finished products. The demand for fatty acids is estimated to increase from 123.22 thousand tonnes to 137 thousand tonnes. The future demand is estimated to grow at the rate of 6.5 %.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Alkyl Resin from Cotton Seed Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost & Revenue

The term alkyd was first used by Kienle in 1927 to describe the polyesters resulting from the reaction of polyhydric alcohols and poly functional acids. Though many newer resins have appeared in the past quarter century, alkyd resins still represents the single largest quantity of solvent soluble resin, produced for using surface coating industry. An alkyd resins are polyester, they are subjected to normal easier hydrolysis that is sensitive to water, acid and alkali, particularly when they are dried by oxidation. It is poly esterification products derived from organic acids and alcohols. It also be processed directly from fatty acids. It is uses as paints, marine paints and baking enamels. The demand of alkyd resin is enormous in Indian and overseas market. Thereby it is a fair project for new entrepreneurs.
Plant capacity: 5.00 MT /DayPlant & machinery: Rs. 57 Lakhs
Working capital: Rs. 184 LakhsT.C.I: Rs. 327 Lakhs
Return: 29.88%Break even: 49.48%
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Essential Oil From Lily, Mogra, Nishigandha - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

The application of essential oils are very extensive and cover a wide range of human activities. A few important uses are in the manufacture of soaps, cosmetics, perfume, confectioneries, perfumes, chewing delicacies aerated water and syrups. Besides perfumery application they are also used in pharmaceutical industry because of their antiseptic, carminatium varied from 0.5% to 1.5%. A vital pre requisite for successful marketing for these products is a thorough understanding of the channels and procedures by which the product pass from distillers/manufacturers to end users. This is an important as awareness of the size and breakdown of the market. There is need for new producer to establish and maintain, as early as possible.
Plant capacity: 5.0 Litres/DayPlant & machinery: Rs. 7 Lacs
Working capital: Rs. 11 LacsT.C.I: Rs. 29.00 Lacs
Return: 72.62%Break even: 33.08%
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Essential Oil from Flowers (Rose Oil) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Roses are cultivated in public and private horticultural gardens and nurseries throughout the country. A few scented varieties are cultivated on a small scale in U.P. for manufacture of rose water, gulkand and rose attar. The colour of rose oil is pale yellow, green or red transparent with a mild sweet taste and strong odour. Rose oils are in constant use as components of a wide range of flowers and fancy perfumes and many are found in cosmetics. Since the natural rose is highly costly compared to synthetic rose oil, the natural oil is being replaced by synthetic oils. The main use of natural rose oil is in perfume spray industry, toilet soap industry, talcum powder industry, agarbatti industry. U.P. exports about 60 % to overseas market and 40 % is sold indigenously. The largest buyers of scented agarbattis are USA, Nigeria, Singapore, S. Arabia, Kuwait, France, UAE and Yemen Republic. Cosmetics and toiletry have been an important part of every person?s life, rich or poor. Hence these products always have users and their demand is ever increasing. Any entrepreneur can invest in this field with a mind on export.
Plant capacity: 500 ML/DayPlant & machinery: Rs. 16 Lakhs
Working capital: -T.C.I: Rs. 91 Lakhs
Return: 43.00%Break even: 41.00%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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