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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.

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Castor Oil & Its Derivatives - 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

Castor oil obtained by a combination of pressing and extraction from the seeds of castor plants (Ricinus Communis) consist of up to 90% of Triglyceride of Ricinoleic acid, 12 Hydroxy Oleic Acid. The castor oil derivative oleoresin finds an extensive use in medicines viz. carminative and digestive purposes etc. The demand of oleoresins is increasing with the expansion of the end user industries and the product a bright scope as well as good future prospects. Thus a new entrepreneur can confidently venture into the production of oleoresin and he will find it a very lucrative trade.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 0.01%Break even: 0.01%
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Mosquito Coil And Mats - 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

Mosquitoes not only suck human blood but also transport disease like malaria. Mosquito coil is used for repelling and killing of insects like flies, mosquitoes etc. It protects human bodies from mosquitoes without coming into direct contract of human body. It has great demand in India as well as outside India. The competition in this line is very less and its scope of consumption is very large. Since it has more demand, so there is a good scope for new entrants.
Plant capacity: Mosquito Coil 3500 Pkts./Day, Mosquito Mats 1000 Pkts/Day Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Paper Napkins, Facial Paper & Toilet Rolls From Tissue Paper Rolls - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study

Due to Govt. emphasis for popularizing tourism, number of new hotels, holiday resorts, restaurants etc. have demand of paper conversion products like Paper Napkins, facial paper etc. Paper napkins, facial paper & toilet rolls obtained from tissue paper are absorbent, lightweight & hygienic, Paper Napkin is used in hotels, restaurants and as a substitute of handkerchief. There is good demand of tissue paper rolls both internal & for export. So, there is good scope for new entrants.
Plant capacity: 2 Mt Toilet Rolls, 2 Mt Facial Paper, 6 Mt Paper Napkin (Per Day) Plant & machinery: Rs. 41 Lakhs
Working capital: -T.C.I: Rs. 600 Lakhs
Return: 69.00%Break even: 23.00%
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MOSQUITO REPELLENT COILS - 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

The production of the mosquito coils dates back from the period around 1890. In the early stages the look and the shapes of an incense stick burned at house hold Buddhist altars, but later on these were gradually improved to the present spiral form, so that they could keep burning for as long as possible. The demand of this product is now on increase year by year not only in India but also is overseas countries. At present there is excellent scope for the manufacture of mosquito coils. So new entrepreneurs can enter into this field.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Activated Carbon (By Steam Activation Process) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

The element carbon exists in three allotropic modifications, amorphous carbon, graphite and diamond, which are employed industrially. The major use of activated carbon is in solution purification, such as the clean up of cane, beet, corn sugar solution and for removal of tastes and odors from water supplies, vegetable and animal fats and oils, alcoholic beverages, chemicals and pharmaceuticals etc. Looking these uses it can be concluded that there is very good scope for setting up activated carbon unit.
Plant capacity: 300 MT/AnnumPlant & machinery: 25 Lakhs
Working capital: -T.C.I: 87 Lakhs
Return: 35.00%Break even: 49.00%
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Forging Unit For Manufacturing Oil/Gas Pipe Fitting - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Production Schedule

Metals is general and steel particular can be worked into useful shapes by hammering or pressing. This method of metal working is known as forging. A large variety of forgings produced finds applications in innumerable industries including machine building, chemical and pharmaceuticals, textiles, paper and pulp, water sewrage treatment, fertilizers and power plants etc. The demand of steel forgings has been growing for last 2-3 decades. So, there is a good scope for setting up a new forging unit.
Plant capacity: 90 MT/DayPlant & machinery: 631 Lakhs
Working capital: -T.C.I: 2926 Lakhs
Return: 49.00%Break even: 32.00%
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Cardamom 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

Cardamom oil is an essential spice oil. It has very good flavour and large end use in the pharmaceutical industry, cosmetic industry, food industries etc. Cardamom is one of the spice article which is largely cultivated in south India. For the production of oil, there is steam distillation apparatus required. It is used in biscuits, bakery, canning, chewing gum, confectionery, perfumery, cosmetics, soaps and soft drink industries. There is a very good domestic and export market for cardamom oil. Any entrepreneur can enter in the field of manufacture of cardamom oil will be successful.
Plant capacity: 20 Kg/DayPlant & machinery: 6 Lakhs
Working capital: -T.C.I: 111 Lakhs
Return: 57.00%Break even: 29.00%
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Pentane (Low Boiling Hydrocarbon Varied Application) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Plant Layout

To make a product suitable for sale, the various contaminants and undesirable constituents contained in the raw gas must be removed. The first step is to separate the gas from any liquids and solids. A hydrate is a type of chemical compound called a clathrate, defined as a type of solid molecular compound. It is used in solvent, manufacture of chlorinated derivatives, and blowing agent for polystyrene. There are few in organised sectors are engaged in the manufacturing of pentane from the petroleum refineries or from the wet natural gases. Now indigenous production of pentane and isopentane is 200000 M.T./Annum. There will be growth rate more than 5%. It will remain constant or increase 6-7%. It can be concluded that there will be a good scope for the new entrepreneurs.
Plant capacity: Pentane 6462 MT/Annum, Isopentane 5538 MT/Annum, Powder in Megawatt 540 MW/Annum, Residual Natural Gas 959220 MT/AnnumPlant & machinery: 78 Crores
Working capital: -T.C.I: 154 Crores
Return: 42.00%Break even: 43.00%
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Rice Bran 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

Rice bran is the most important source of edible oil among the unconventional sources. Production of rice bran oil is currently estimated at about 2 lakhs tonnes. Rice is not only the oldest cultivated crop but also a basic food of more people than any other cereal grain. Rice bran generally contains 18-22% oil. It contains an extremely small amount of such items as free fat etc. Bran oil is used in the soap industry. Rice bran wax is an important by product of rice bran oil industry. It can be used in the preparation candles, polishes, cosmetics, emulsifiers and other industrial preparations. In India rice bran industry has made rapid strides only during recent years. At present there are 70 units in the country having a total installed capacity for processing 5,540 tonnes of rice/day, of these little obtained a dozen are in Andhra Pradesh. There is a good scope for starting new units.
Plant capacity: 280 MT./dayPlant & machinery: 789 Lakhs
Working capital: -T.C.I: 6290 Lakhs
Return: 47.00%Break even: 28.00%
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Virgin Coconut 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

Coconut is a small holders plantation crop grown in the humid tropics and tropical regions. India is a major producer of coconut in the world. The countrys production is 12535.9 million nuts from an area of 17.54 lakhs hectares. Virgin coconut oil is obtained from fresh matured coconut. This oil is mainly used as a body massage oil and as an ingredient in ayurvedic medicine. It is used as hair oil. It is applied on the body of babies to protect from skin troubles. There is very good demand of virgin coconut oil rather than general coconut oil. There is demand growth of coconut oil is 10% per annum. Govt. of India declared minimum support price for both milling and edible copra. The prices of coconut oil and copra continued to rule at low level in all the major markets. Virgin coconut oil has very good demand. To looking this increasing demand, we can say that any new entrepreneur can venture into this field.
Plant capacity: 600 MT/AnnumPlant & machinery: 66 Lakhs
Working capital: -T.C.I: 153 Lakhs
Return: 35.00%Break even: 56.00%
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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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