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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.

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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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TRANSFORMER 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

These are mineral oils and are used to dissipate the heat generated in electric transformers, switches, circuit breakers and motor starters etc. They also act as electrical insulators. As transformers consume maximum amount of such oils, most of these are also called Transformer Oil. This oil can also be used as electrical cable oils. The main use of this oil is in transformer. In transformer it is used as an insulating fluid as well as cooling media. Almost all Electricity Board and other concern started reclaiming the used transformer oil. The main consuming industries for transformer oil are the electrical industry in transformers. This unit is having very good scope in future. The demand for this oil is increasing year by years. The prize of this oil has shown on increasing trend. To looking its demand, the scope for investment in transformers is bright.
Plant capacity: 100KLS/DayPlant & machinery: 1104 Lakhs
Working capital: -T.C.I: 3031 Lakhs
Return: 45.00%Break even: 30.00%
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SOYABEAN PRODUCTS (SOYABEAN OIL, SOYA PANEER, SOYA EXTRACT)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Plant Layout

Soyabean is one of the most important agro based product, which has commercial value after rice, wheat, maize etc. It has commercial value in the field of vegetable oil and soyabean protein. Soyabean oil can be extracted from soyabean by solvent extraction process. Soya protein is extracted out from soyabean as soya paneer. Due to the soya flavour, soya product has peculiar flavour and taste. Soyabean oil is used in the manufacture of margarine, shortening and other edible products. Soya paneer can be used directly as nutritious food. It can be used for the preparation of amino acids and for the manufacturing of different kinds of sweets. China, the fourth largest soyabean producer in the world, used to export 75 percent of its produce. It has become a net importer of soyabean. In fact, India exported 11,000 tonnes of soyabean extract to China valued at Rs.6.86 crore. According to consumer aspect it has been found that soya milk has a very good demand in all over the country. Direct soya milk producer unit is only one in Delhi. Their production is one-lakh pouches per day. It can be concluded that there is very good scope for new entrants.
Plant capacity: (5 MT Soyabean Oil, 1 MT Soya Paneer, 1 MT Soya Extract) Per DayPlant & machinery: 66 Lakhs
Working capital: -T.C.I: 303 Lakhs
Return: 63.00%Break even: 38.00%
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CAFFEINE FROM TEA WASTE - 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

Caffeine is widely used in pharmaceuticals as free base and mixtures, such as citrated caffeine’s caffeine and sodium benzoate. Tea waste or coffee beans, limewater and trichlorothylene are the starting raw materials for its manufacture. Tea waste contains 3-4 percent caffeine. Caffeine is very useful as stimulant of the central nervous system. It gives definite relief from fatigue and neuralgia. It is also used in headaches originating from eye strains. Its most important physiological action is that on the kidney causing an increased secretion of urine. Caffeine is the principal alkaloid constituent of tea, coffee and some other beverages. As the production of soft drinks increases the demand of caffeine is also likely to increase. Branded pocket teas, instant teas etc. are now the name of the game to boost sales and build up a strong brand loyalty. Tata tea dominates the sector with few foreign big holding in Assam and in the South. There is however no question this industry has a decisive future and a decisive hold on the rest of the plantation and export sectors. It can be concluded that there is a good scope for new entrepreneurs.
Plant capacity: 0.30 MT/dayPlant & machinery: Rs. 24 lakhs
Working capital: -T.C.I: Rs. 138 lakhs
Return: 45.00%Break even: 49.00%
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WHITE OIL FROM KEROSENE 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

Deeply refined pale yellow oils are called white oil. In 1934 the white oil manufacturers association (WOMA) divided the white oils in three viscosity grades. The oils of first category are used in the processing of foods, which must not contain more than 0.1-0.6% of the oil. The white oils of the second category can be added to products, which themselves are not foods full tufts but may come into direct contact with foods. It is widely employed in the pharmaceutical, cosmetic and toilet preparation industries. Technical white oils are employed in industries, where highly refined non-medicinal quality oil is required. The use of white oils in the textile industry is important certain high speed sewing machines utilize technical white oils. The demand for white oil is much but the supply of this item is not so much. In future its demand will be more and it would be having a bright future scope.
Plant capacity: 25 MT/DayPlant & machinery: Rs. 950 lakhs
Working capital: N/AT.C.I: Rs. 5 crores
Return: 45.00%Break even: 35.00%
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ESSENTIAL OIL FROM FLOWERS AND LEAVES - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Essential oil produced from different type of flowers, leaves and herbs by steam distillation or by solvent extraction process using organic solvents like ethyl alcohol or hexane. Distillation temperature varied for different variety of herbs. Essential oil is generally belongs to the natural products. It is required to store in a close airtight container otherwise it will be vaporized away. Cardamom oil is used in biscuits, bakery, canning, chewing gum, confectionery, perfumery cosmetics soap and soft drink industry. Cumin seed oil is used in the perfumery flavour, cosmetics and confectionery industry. Sandal wood oil is used in the pharmaceutical perfumery cosmetics and toiletries industry. A traditional producer of natural essential oils such as Sandalwood oil, Palmarosa oil, Lemongrass oil and Peppermint oil, India has been widely exporting these oils on a monopoly basis to all parts of the world. The trend of exports of essential oils alone from India during past 10 to 12 years. There is a good scope for new entrants.
Plant capacity: 250 Grams Rose Oil / DayPlant & machinery: Rs. 17 lakhs
Working capital: -T.C.I: Rs. 75 lakhs
Return: 57.00%Break even: 40.00%
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ESSENTIAL OIL FROM FLOWERS AND LEAVES - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Essential oil produced from different type of flowers, leaves and herbs by steam distillation or by solvent extraction process using organic solvents like ethyl alcohol or hexane. Distillation temperature varied for different variety of herbs. Essential oil is generally belongs to the natural products. It is required to store in a close airtight container otherwise it will be vaporized away. Cardamom oil is used in biscuits, bakery, canning, chewing gum, confectionery, perfumery cosmetics soap and soft drink industry. Cumin seed oil is used in the perfumery flavour, cosmetics and confectionery industry. Sandal wood oil is used in the pharmaceutical perfumery cosmetics and toiletries industry. A traditional producer of natural essential oils such as Sandalwood oil, Palmarosa oil, Lemongrass oil and Peppermint oil, India has been widely exporting these oils on a monopoly basis to all parts of the world. The trend of exports of essential oils alone from India during past 10 to 12 years. There is a good scope for new entrants.
Plant capacity: 250 Grams Rose Oil / DayPlant & machinery: Rs. 17 lakhs
Working capital: -T.C.I: Rs. 75 lakhs
Return: 57.00%Break even: 40.00%
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FOOD PROCESSING UNIT(CASSAVA PROCESSING INTO FLOUR STARCH, GARI AND CUSCUS)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study

There are hundreds of commercial varieties of cassava in various equatorial regions. These varieties fall into two main categories: Manihot palmate and manihot aipi or bitter and sweet cassava. Particularly, in some regions, the cassava plant may be subject to treat by various diseases. A major effort has been put forward to select cassava seed disease resistant. A factor not always appreciated in cassava growing areas is the nutritious nature of cassava leaves. They contain good quantities of vitamin A and C, as well as minerals, and a higher proportion of protein than the tubers. A process for converting cassava starch into alcohol, using a fungal enzyme preparation from submerged culture to hydrolyze the starch into sugar was reported by teixeira. Due to increase of food habits in through out the world, it can be said that there is very good market demand now. It can be concluded that any new entrepreneur may enter in this field of production, will be successful.
Plant capacity: (Cassava Flour 3000, Starch 30000, Gari 1500, Cuscus 1500) MT / AnnumPlant & machinery: Rs. 400 Lacs
Working capital: -T.C.I: Cost of Project : Rs. 1500 Lacs
Return: 35.00%Break even: 84.00%
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PACKAGED DRINKING WATER - 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

Water quality and quantity are interdependent, interacting elements of water system. The term water quality refers to the level of suitability of water for specified purposes. Use of mineral water gradually increase in India due so shortage of pure hygienic water and also increase the knowledge of water because pathogenic micro organisms, which are main reason of stomach problem. On this reason a part of the society stored so use safe drinking water i.e. mineral water. There is increase full life, major of the working group has to take travel from one place to another place, by this time they are now habituate to use mineral water. Major of the tourists are only habituated to take safe drinking waters. Packed bottled mineral water is the only main resources in our country to safe drinking water. On that base, it can be concluded that scope of mineral water will be much more increased in the future.
Plant capacity: 10000 Ltrs./dayPlant & machinery: Rs. 60 lakhs
Working capital: -T.C.I: Rs. 180 lakhs
Return: 43.00%Break even: 40.00%
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RECLAMATION OF USED ENGINE 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

Engine oil becomes contaminated with foreign material in service. In circulating systems, where a substantial quantity of oil is involved, it is desirable to maintain it as clean as possible to provide maximum working efficiency and to keep wear and damage of lubricated parts to a minimum. Reconditioning of used oil may be accomplished by a continuous by pass or batch methods or combination of these. Engine oil is used in all types of engines with petrol, diesel etc. Used engine oils are generally discarded after a specific period of use. The present oil crisis has led to the development of certain techniques of refining such oil to make them compatible with fresh oil. In our country (India) about 35% of demand is meet by our own production and rest of the demand is meet up by the import only. Hence, It can be concluded that any type of petroleum product can be easily marketed if its selling cost is less than imported one. So it can be predicted that there is good scope for new entrepreneurs in the petroleum base oil product.
Plant capacity: 1 MT/dayPlant & machinery: Rs. 20 lakhs
Working capital: -T.C.I: Rs. 100 Lakhs
Return: 44.00%Break even: 41.00%
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ROSE PLANTATION AND ROSE OIL EXTRACTION - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

There are more than 5000 verities of rose in India of which only a few yield essential oils. The verities that are grown in India for obtaining essential oils are rosa damascena mill (Fasli Rosa) and rosa borboniana desp (Edward Rose). The yield of rose oil is about 0.8 to 3.5 total per maund of rose flowers. Rose oils are in constant use as components of a wide range of flower and fancy perfumes and several of them are to be found in every cosmetic. The main use of natural rose oil is found in Perfume Spray Industry, Toilet Soap Industry, Talcum Powder Industry and Agarbatti Industry. It is produced in India in large quantities in Utter Pradesh state. It exports 60% products to overseas market and 40% is indigenously sold. The two major exporting countries are Japan and India and its creditable for this industry to take about 40% of share where other Indian industries have hardly a share of less than 1% of the world market. A new entrepreneur can confidently venture into this field.
Plant capacity: Flower Yield 4000 Kgs/Ha/Annum, Flower Yield 60 Kgs/Day. Avg., 75 Kgs Rose Oil/Annum, 25000 Ltrs. Rose Water/Annum Plant & machinery: Rs. 30 lakhs
Working capital: -T.C.I: Rs. 98 lakhs
Return: 45.00%Break even: 43.00%
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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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