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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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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

Bisleri, which pioneered the packaged drinking water business in India, catering to consumers need to have hygienic drinking water while on the move or even at home, is literally changing its colours and going for a makeover. The brand that was till now marketed as packaged drinking water will now be available in a natural avatar. The natural water segment, which accounts for about 5% of the total bottled water segment, is expected to grow by leaps and founds as health awareness and disposable incomes rise. The bottled water industry is worth Rs. 1,000 crore in India and is growing at 40% per annum. It is projected to reach Rs. 5,000 crore by 2010. At present Himalaya leads the segment with a 50% market share. Any entrepreneur may go into this field, will be successful.
Plant capacity: 30,000 Thousand Nos./Annum or 1,00,000 Bottles /dayPlant & machinery: Rs. 105 Lakhs
Working capital: -T.C.I: Cost of Project Rs. 282 Lakhs
Return: 44.00%Break even: 63.00%
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Mosquito Coil - 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

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Plant capacity: 2500 Pkts/dayPlant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Rice Bran Oil from Rice Bran - 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: 40 MT/DayPlant & machinery: Rs. 207 Lakhs
Working capital: -T.C.I: Rs. 1929 Lakhs
Return: 52.00%Break even: 38.00%
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POLYPHENOLS / ANTIOXIDANTS FROM TEA EXTRACTS - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

India is one of the leading tea producer of the world. The main constituents of tea are polyphenols, caffeine and essential oils. These all gives tea its color, taste, fragrance combined. The tannins or polyphenols are the antioxidants which can be separated from the tea easily by chromatography technique. These antioxidants help the food products, oils, rubber natural fats lubricants to retard oxidation, deterioration, rancidity and gum formation. These antioxidants have no side effects so they are used very essentially as main antioxidants in the above mentioned industries. Due to the special characteristic of polyphenols of tea, they are being produced on large scale.
Plant capacity: 15,000 Kg / AnnumPlant & machinery: 74 Lakhs
Working capital: -T.C.I: Cost of Project : 216 Lakhs
Return: 30.00%Break even: 50.00%
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Aluminium Foil - 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

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Plant capacity: 100 MT/dayPlant & machinery: Rs. 240 Lakhs
Working capital: -T.C.I: Rs. 1279 Lakhs
Return: 46.00%Break even: 35.00%
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AMLA (Indian Gooseberry) HAIR OIL BASED ON VEGETABLE OIL - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Plant Layout

Now-a-days people are quite justified in paying unusual attention to the choice of the oils for dressing the hairs for toileting and before bathing. All readers of beauty admit that the hairs add grace to the appearance. But unless proper care is exercised in selecting the hair oils, the hairs are liable to fall off and turn prematurely gray. A hair oil like Amla hair oil add a luster to the hairs, retain them soft and flowering invigorate their growth, prevents premature greyness, keeps the brain cool and yet should not be sticky and all. So by seeing the growth of use of herbal cosmetic consumption in India, we can say that the hair oil production will going to increase geometrically and so we can say that a new entrepreneur can confidently venture into this field.
Plant capacity: 147 Kg./dayPlant & machinery: 29 Lakhs
Working capital: -T.C.I: 264 Lakhs
Return: 49.00%Break even: 30.00%
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Pharmaceutical Tablets, Capsules, Liquid Oral, Ointment, Powder and Injection - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials

The Pharmaceutical Industry in general is well managed in sound economic principles and has excellent techniques of production, technological backing and good marketing techniques. Because of availability of good capital and profit, this industry showed a remarkable growth and also attracted highly qualified technical people with satisfactory salary. The formulations are available in three groups: 1. Powder 2. Tablets & Pills 3. Liquids Now-a-days we are producing almost all the drugs in the all three formulations. This industry is one of the most important industries for India. Drugs & pharmaceutical helps in controlling and at times eradicating diseases. It has facilitated in drastically contributed to the lessening of infant mortality rate and growth of life expectancy. It has assisted in raising the standard of living of the people. It is the fastest growing industry next only to Information Technology. Drugs and Pharmaceutical industry is sunrise industry governed by Research and Development. There is good future of existing as well as new entrepreneurs. Capacity : 15,00,000 Nos. Tablets/Annum 3,00,000 Nos. Capsules/Annum 3,00,000 Nos. Syrup in Bottle/Annum 3,00,000 Nos. Ointment in Tubes/Annum 3,00,000 Nos. Injections in Bottles/Annum 3,00,000 Nos. Dextrose Saline in PET Bottle/Annum
Plant capacity: -Plant & machinery: 43 Lakhs
Working capital: -T.C.I: Cost of Project : 125 Lakhs
Return: 43.00%Break even: 54.00%
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WOODEN DOORS AND FRAMES - 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

Carpentry and joinery are common terms used with any class of work with wood. Strictly speaking carpentry deals with all works of a carpentry such as roofs, floors, partitions, etc. of a building, while joinery deals with the making of doors, windows, cupboards, dressers, stairs and all interior fitments for a building. Wooden door and frames are the back bone of the construction industries, starting from building construction, Official building, Educational Institution, Hospitals, Nursing Homes, Factories etc. The demand of the product is increasing day by day due to increase in construction activities in India. Thus, to cope up with the out growing demand of the product, the imperative need of the hour is to setup more number of with for the manufacture of wooden window and frames. Therefore, in the limelight if the fact enumerated above, a new entrepreneur can well venture into this field.
Plant capacity: 80 Pcs./dayPlant & machinery: 10 Lakhs
Working capital: -T.C.I: 93 Lakhs
Return: 50.00%Break even: 42.00%
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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

Transformer oils are mainly mineral oils and are used to dissipate the heat generated in electric transformers, switches, circuit breakers, and motor starters, etc. They also acts as electric 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 consuming industries for Transformer oil are the electrical industry in Transformers. This unit is having very good scope in future; because the increasing living standard & style of people require a large production of consumer electronics. Accordingly the demand for transformers will also increase in next 5 years. To looking its demand we can say that there is a good scope for new entrants.
Plant capacity: 100 K Ltrs./dayPlant & machinery: 1104 Lakhs
Working capital: -T.C.I: 3030 Lakhs
Return: 45.00%Break even: 30.00%
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FISH OIL (Production and Refining) with Fish Meal - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study,Investment Opportunities

Fish is used as a source of food either in raw or dry state. It has protein which is amino acids. Another means of utilization of fish is the manufacture of fish meal and fish oil. Fish oil is consisting triglyceryl esters of fatty acids and minor proportions of free fatty acids, vitamins, coloring matters, hydrocarbons, sterols, phosphatides etc. Application of fish oil includes: manufacture of candles, lubricating, cutting oils, cosmetics and pharmaceuticals. They are used in the manufacture of rubber substitutes, and water proofing compositions, printing inks and core oils. Various fish oil formulations sprayed on citrus trees has proved effective as fungicides, oils containing vitamins have been used in animal and poultry feeds. In view of the many uses of fish oil the product has a wide potential, in view of the expansion targets of end user industries. A new entrepreneur can undertake the production of fish oil.
Plant capacity: 1 MT/day Fish Oil. 2.3 MT/day Fish Meal.Plant & machinery: 63 Lakhs
Working capital: -T.C.I: 219 Lakhs
Return: 48.00%Break even: 34.00%
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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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