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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.

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.
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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: 10 MT/DayPlant & machinery: Rs. 2 Crores
Working capital: -T.C.I: Rs. 13 crores
Return: 47.00%Break even: 36.00%
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Refined oil (Cotton seed, Ground Nut Oil & Sunflower Oil)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study

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Plant capacity: 12 Ton/DayPlant & machinery: Rs. 31 Lakhs
Working capital: -T.C.I: Rs. 353 Lakhs
Return: 51.00%Break even: 36.00%
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MEDICAL DISPOSABLES: Disposable Syringes (Self Destructive) with Needles, Catheters and Mask - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials

Disposable needle is widely used by doctors for injection purpose with the help of syringes. With the increase in population in our country, requirement of medicine and injections has increased. For more strength of people more number of needles is required with syringes. Tablets or capsules also play a great role in the life of human beings but injections are also a must to some extent. the disposable syringes market has now self-destructing or auto-disable (AD) syringe as a safe bet against re-use and spread of HIV, hepatitis and other infections. The national immunization policy has adopted the non-reusable, self-breaking syringes, though many States are yet to follow suit for the curative injections. Disposable surgical caps and mask are used considerably while performing an operation or undergoing surgical measures. Catheters are used for the purpose of passing urine for bed-ridden and emergency patients in hospitals, nursing homes etc. With the development of pharmaceutical industries the use of syringes and disposable needles will also develop. About 70% pharmaceutical industries are in small-scale sector. Disposable syringes are becoming more popular in the medical world due to its lower cost and higher accuracy. Plastic can be used in place of metal without any problem. The procedure is also relatively easy and cheaper. New comer can well venture into this field. Cost Estimation: Capacity : Seamless SS Tubes – 324 MT / Annum Disposable Syringes & Needles – 36,00,000 Nos./Annum Disposable Surgical Masks – 9,00,000 Nos. / Annum Disposable Catheters – 9,00,000 Nos. / Annum
Plant capacity: -Plant & machinery: 147 Lakhs
Working capital: -T.C.I: Cost of Project : 426 Lakhs
Return: 43.00%Break even: 47.00%
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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 holder’s plantation crop grown in the humid tropics and tropical regions. India is a major producer of coconut in the world. 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 very nutritious. It has very good aroma and purity. It is applied on the body of babies to protect from skin troubles. There are few in organized sectors engaged in the manufacturing of virgin coconut oil. There is very good demand of it rather than general coconut oil. There is demand growth of coconut oil is 10% per annum. Traditionally, coconut is an important source of vegetable oil used for both edible and industrial applications. It is estimated that nearly 50% of coconuts in India are consumed into copra to extract coconut oil. It will be profitable for new entrants to invest into this project.
Plant capacity: 600 MT / DayPlant & machinery: 66 Lakhs
Working capital: -T.C.I: Cost of Project : 153 Lakh
Return: 35.00%Break even: 56.00%
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TOILET AND HERBAL SOAP - 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

It goes without saying that soap is indispensable to our daily life. Accordingly, the manufacturing industry should continue to develop as one of the most important industries. Soap may broadly be classified by use as soap household, industrial soap and special soap. Among them, the consumption of herbal soap is used for medical purposes. Household soap, which is most important quantitatively accounts for the larger part of the consumption of soap. Now-a-days herbal products are getting more popularity all over world, so herbals soaps has also good domestic as well as export potential. Toilet soaps account for less than 30% of the total soap production. There are about 46 units in the organized sector and more than 6,000 units in the small and cottage sectors engaged in the production of soap. The small scale, which accounts for more than 65% of the total, soap output, has put up an impressive performance. Soap manufacture is very prospective industry with unlimited scope for future. New comer can well venture into this field.
Plant capacity: 1000 Kgs. / DayPlant & machinery: 13 Lakhs
Working capital: -T.C.I: 112 Lakhs
Return: 46.00%Break even: 37.00%
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GINGER PRODUCTS (Ginger Paste, Powder & Oil)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Ginger is the most important and one of the oldest spices used in every kinds of food preparation. It is one of the agro-based products, which has good commercial as well as industrial value. It is used mostly in all of the houses as spices. It is processed by making paste and sterilized to keep it for long time. Ginger powder can be used as pharmaceuticals for the production of herbal medicines in the treatment of cold fever. It can be used for the preparation of different variety of spices formulations. Fresh ginger is some time used in the preparation of ginger wine and the juice is used as beverage. There are few organized and some private companies, who are engaged in the manufacturing of ginger paste and ginger based products. There is nearly 3 – 5% growth rate per year observed of this product. There is a good scope for new entrants.
Plant capacity: 600 MT /Annum Ginger Paste,75 MT / Annum Ginger Powder,6000 Ltrs. / Annum Ginger OilPlant & machinery: 85 Lakhs
Working capital: -T.C.I: Cost of Project : 232 Lakh
Return: 42.00%Break even: 63.00%
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EXTRACTION OF OIL FROM ARTEMISIA VULGARIS - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Artemisia Vulgaris plants seem to have originated in Eastern Europe and Western Asia. Most of these species are found growing wild and abundantly all over the temperate and cold temperate zones of the world. The flavor of Artemisia Vulgaris oil is warm, almost pungent but also bitter sweet, showing a slightly cooling effect in higher dilution. The flowering stems are used medicinally. The main constituents are an essential oil, with cineole and thujone, tannins and bitter compounds. Mugwort is used as a general tonic. It is a traditional treatment for nervous disorders, insomnia and gynaewlogical complaints. In cooking, mugwort is a useful condiment for roast meat, especially pork and mutton. Most of the medicinal plants extensively used in the traditional system of medicines are obtained from the wild sources. According to the international standards organization, there are about 70 spices and condiments, which have been approved and recognized. It has been found that there is largely demand increase of the herbal medicinal concrete due to the better awareness of the medicinal used. It can be predicted that there is very good scope for the new entrepreneur.
Plant capacity: 1500 Kg. / AnnumPlant & machinery: 39 Lakhs
Working capital: -T.C.I: Cost of Project : 146 Lakhs
Return: 43.00%Break even: 52.00%
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Manufacture of Celery Seed oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Celery, Apium graveolens L is cultivated for its seeds and essential oil. An improved method has been developed for maximum yield of essential oil with higher content of phthalides (the valuable constituent of oil ), in short time, making the process economical. The method involves hydro distillation. In India Celery, Apium graveolens L is mostly cultivated in Punjab, Haryana, and U. P. for its seeds. The seeds are used as spice to flavour soups, salad, tomato juice and sauces and for extracting essential oil or oleoresin. Of late they have attained ever increasing popularity among food products. Indian celery is considered to be best in the world and that is why it is in great demand in European countries. In 1999-2000, 4038 MT of seeds worth Rs.9.5 crores and its oleoresin 146.5 MT worth Rs. 4.5 crores were exported. Oleoresin is prepared by extracting the celery seeds with volatile solvents like alcohol and driving off the alcohol in vacuo. On steam distillation it yields pale yellow essential oil with characteristic rich long lasting spicy odour, the principal components of which are d-limonene and saline. The oil is used for flavouring food products, liquors and pharmaceutical preparations. Celery is recommended for rheumatic arthritis, antispasmodic, aphrodisiac, nerve stimulant and hypertension. It also induces mensuration in non pregnant woman. It is better known as a medicinal herb than a garden vegetable. The important constituents of its essential oil are phthalides which impart medicinal value to the oil and possess strong characteristic celery aroma. The major phthalides being 3-butyl phthalide, 3-butyl tetrahydrophthalide or sedanolide, and apiole. Others being 3-butyl –4-5-dihydrophthalide or sedananolide. These form high boiling constituents of the oil besides the low boiling monoterpene hydrocarbons e.g. α –pinene,α -terpinene,γ -terpinene, β -pinene, limonene etc. The conventional process gives a yield of 1.3 to 1.8% of oil in 36 hours with phthalides content of 10 to 12%. The method used here gives a yield of 2.44-2.68% in 4-4.5 hours and the phthalides content in the oil 23 + 2%.
Plant capacity: : 300 Kg celery seeds / batch & 4 batches a day i.e.1200 Kg celery seeds / dayPlant & machinery: 25 Lakhs
Working capital: 12 Lakhs (One Month)T.C.I: -
Return: 1.00%Break even: N/A
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MATCHBOX - 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

Matchbox is one of the most important items. Though it is looked upon as small and insignificant, earlier it was a big problem. In the 17th century, people used phosphorous and sulfur together using flints or sticks of woods. It was then found in the 19th century that using non-provisions red phosphorous on the match head instead of white phosphorus. The raw materials required for the manufacture of matches are timber paper, flour paste or glue, and chemicals of which amorphous phosphorus and potassium chlorate are the most important. Due to the widespread use of cigar, bidi, Cigarettes and domestic uses, there are huge demand of match boxes. A new entrepreneur can well venture into this field,because it has good future scope.
Plant capacity: 50000 Nos. /DayPlant & machinery: Rs. 5 Lakhs
Working capital: -T.C.I: Rs. 29 Lakhs
Return: 46.00%Break even: 52.00%
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COTTON SEED DELINTING, CRUSHING AND REFINING OF OIL - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Production Schedule

Cotton plant is cultivated mainly for fibre. Cottonseed is an important by- product of cotton which is a rich source of protein and edible oil. Its oil has so many applications varying from medicinal to technical purposes. Other uses are for cosmetic creams, glycerol, lubricants, soap stocks, etc. Its oil cake can be used as animal feed, filler for plastics & fertilizer ingredient. India is one of the largest producers of oil seeds and oil bearing materials. Next to food grains oil seeds top the list of agricultural crops in the country.
Plant capacity: 18000 MT/Annum (Refined Cotton Seed Oil)Plant & machinery: 7 Crores
Working capital: -T.C.I: Cost of Project : 16.71 Crores
Return: 42.00%Break even: 70.00%
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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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