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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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Ginger (Dry, Powder, Flakes, Oil) & Garlic (Powder, Flakes, Oil) Processing Unit - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Material

The food processing industry is a strong component of the larger agro industrial sector. Dry ginger, ginger flakes, garlic flakes and dry powder are all vegetable processed products. In India there are some specific states where ginger and garlic are abundantly available. Processing of ginger and garlic combination is unique combination of vegetable processing which are mostly available throughout the year. Ginger oil and garlic oil both are high valued spice oil. Both of the products are highly demanded items for processing in the dry form of ginger. There is good export market for both the products. In the manufacturing process there is environmental pollution arises, which can be solved by proper treatment. As a whole manufacturing of dry ginger, ginger powder, ginger flakes, garlic flakes, garlic powder & garlic oil is best items of the vegetable processing. There is good scope for new entrepreneurs.
Plant capacity: Garlic Flakes 750kg, Garlic Powder 750kg & Garlic Oil 10kg/Day, Ginger Dry 500kg, Ginger Powder 500kg, Ginger Flakes 500kg & Ginger Oil 10 kg/DayPlant & machinery: 57 Lakhs
Working capital: -T.C.I: 265 Lakhs
Return: 37.00%Break even: 42.00%
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Corn Oil (Maize 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

Maize oil is produced as the big product from the maize. In wet milling industries starch and its product, corn syrup, dextrose, dextrin etc. Are the principal products, gluten feeds and corn oil are the main by-products. Corn products which mainly consist the endosper without separation of starch from gluten such a cornmeal, homing. In the dry milling corn oil may not be produced as by product depending upon the size of the plant. Corn oil contains linoleic acid and oleic acid as the main fatty acids. It is used for salad purposes and margaring. Some of the better refined qualities reach a high degree of excellence as regard taste small & keeping properties and therefore find use for cake and biscuit making as well as for greasing of backing pans etc. There is specific demand and supply gap available. Hence any new entrepreneur enter in this field will be successful.
Plant capacity: 5 Mt/DayPlant & machinery: 56 Lakhs
Working capital: -T.C.I: 257 Lakhs
Return: 41.00%Break even: 41.00%
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Turkey Red 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 Economic

Turkey red oil which are also known as sulphonated castor oil in the trade is the oldest textile finishing agent. This oil should contain the minimum of free sulphur trioxide. Turkey red oil is essentially an intimate mixture of pigments, oil varnishes, driers and frequently waxy or greasy compounds. The ink must posses suitable physical characteristics such as viscosity, length and stock on which it is to be used. Turkey red oil is very important intermediate organic compounds are largely used by the textiles, paper, leather, soaps and other industries, mainly for dyeing and sizing purpose. These industries are fastly developing industries and therefore all the auxiliary chemicals which are used in these industries possess a great demand in near future.
Plant capacity: 1000 Kgs/DayPlant & machinery: 10 Lakhs
Working capital: -T.C.I: 46 Lakhs
Return: 57.00%Break even: 34.00%
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Tea Packaging Unit (Blending And Packing)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

India is the largest producer of tea in the world. The (camellia SPP.) Is an important beverage and the world drinks more than any other beverage. It buds of the evergreen tea-plant, which is popularly acclaimed as a healthful herbs. There are mainly 4 varieties of teas according to process parameters. Fermented tea, partically fermented tea, unfermented teas or green teas, brick tea. Most of the teas quality judges by its flavour and aroma producing capacity on unit weight of processed tealeaves. The packing tea industry is divided into organized and unorganized sectors. There is good market for new entrepreneurs.
Plant capacity: 2000 Kgs/DayPlant & machinery: 48 Lakhs
Working capital: -T.C.I: 315 Lakhs
Return: 63.00%Break even: 26.00%
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Wetting Oil (Textile Yarn Wetting Agent) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Wetting oils are wetting agents having oily consistency. Wetting agents are surface active agents which when added to water causes it to penetrate more easily into, or to spread over the surface, another material by reducing surface tension of the water. Wetting oils because of their growing uses in various industries are having ever increasing demand. The prospect of the industry is very well linked with soaps, detergents, allied products, paints, varnishes any lacquers, leather, paper cosmetics, textiles and various other industries which are fast developing. These industries have very bright future. A new entrepreneur can confidently venture into this field and he will find it highly profitable.
Plant capacity: 1000 Liters/DayPlant & machinery: 11 Lakhs
Working capital: -T.C.I: 61 Lakhs
Return: 45.00%Break even: 43.00%
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Disposable Plastic Cups, Plates and Glasses

The plastic in India plays a very important key role in industrialization. A wide spectrum of plastics and its articles have touched the life of every Indian is many ways through consumer plastics. Disposable cups, glasses and plates are used in daily life now a days. In addition to be used at home these are largely used in parties and other functions. The use of disposable items are increasing day by day due to better hygienic conditions, low cost, easy usability and impressive appearance. Plastic cups are largely used for tea, juices, coffee and other purposes. Having in view the demand of these items, it can be predicted that there is good scope for new entrepreneurs.
Plant capacity: 50,000 Plastic Glass, 25,000 Plastic CupsPlant & machinery: 25 Lakhs
Working capital: -T.C.I: 69 Lakhs
Return: 39.00%Break even: 51.00%
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Disposable Plastic Syringes and Needles Manufacturing - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Production Schedule

With the development of pharmaceutical industries the use of disposable syringes and needles will also develop. With the population growth and lack of balanced food to the people in India, health hazard problems are quite obvious that why pharmaceutical and other medicine related industries like disposable syringes and needle industries are booming day by day. The product has very good domestics and export demand. So it is a good project for the new entrants.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 43.00%Break even: 38.00%
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Disposable Plastic Syringes - 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 capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 29.00%Break even: 57.00%
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Extraction of Essential oil and Packing of Ground Spices - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Cost of Project

Spices are Nature’s own production. In the art of cooking these are the magic constituents without which all culinary creations would be dull and lifeless. The essential oils are used in manufacture of flavours, perfumes etc. It is also used in pharmaceutical, medicines, cosmetics and food processing industries. Essential oils and spices both are the high demandable products. There are good domestic and export market for both. So new entrepreneurs can enter into manufacturing of spices and essential oils.
Plant capacity: 12.50 kgs/DayPlant & machinery: 22 Lakhs
Working capital: -T.C.I: 121 Lakhs
Return: 44.00%Break even: 40.00%
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Coolant, Brake Oil, Packing of Lubricant Oil & Greases - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Plant Layout

The vehicle owners should only use the minimum amount of ethylene glycol used based antifreeze to protect the system. The higher concentrate of antifreeze, the less heat the coolant will observe glycol concentration of 60% will obserb up less heat as well pure water coolant. Lubricating oils are the agents, solids, semi solids or liquids employed for reducing friction and preventing wear between Machine parts in relative motion. The lubricating oil and grease market in India is on the order of one million tonnes and growing around 2-3% annually. Coolant is now being used in all vehicles. So its demand is increasing day by day. There is good scope for new entrants.
Plant capacity: 30 Lts. Coolant/Day, 300 Lts. Brake Oil/Day, 1000 Lts. Lube/Day, 1000 Lts. Grease/DayPlant & machinery: 5 Lakhs
Working capital: -T.C.I: 70 Lakhs
Return: 15.00%Break even: 35.00%
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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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NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

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