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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.

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Extraction of Neem 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

The neem tree is considered as one of the important natural resources possessed by India, in view of its variety of applications. Neem oil is obtained from the seeds of neem tree also known as Margosa, which grows all over the country in areas like U.P., Rajasthan, Tamil Nadu and Andhra Pradesh. Neem contains several aromatic compounds which repel insects. Neem hasalso shown great promise as a potential fertiliser . Neem cake is widely used in Indian to fertilise cash crops, protecting the root from nematodes and white ants. Neem oil is acried, yellow, bitter in taste and has a disagreeable garlic like odour. It is best used in pharmaceutical and pesticides industry. It is used as antifeedant, repellant, insecticide and growth disruptor. Refined neem oil is used for manufacture of technical oleic acid, stearic acid and production of quality soaps. It is used to treat skin diseases like scrofula indolent, ulcer, sores and ringworms. Present demand for the production of herbal medicine and herbal-based cosmetics is around 30 ? 35 %. Neem wood has good commercial value as well as neem leaves and seeds which are required to produce neem oil. Commercialisation of neem plantation can be very profitable.
Plant capacity: 50 Kgs/DayPlant & machinery: Rs. 9 Lakhs
Working capital: Rs. 3 LakhsT.C.I: Rs. 30 Lakhs
Return: 25.77%Break even: 68.49%
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Herbal Natural Essential Oil (Super Critical Liquid Carbon Dioxide Process) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Cost of Project

Herbs like pudina, Palmrosa, citronella etc. can be easily used for the steam distillation process for the distillation of essential oil, but tube rosa, rose can not be used for steam distillation process since by steam temperature it break down its entity and oil loss its property. Liquid carbon dioxide supercritical process can be applied in all cases. Though it is a costlier process, but the product comes out in pure form and yield is much more higher than steam distillation. Essential oils has very good domestic as well as export market. It is advisable for new entrepreneur to set up in this field.
Plant capacity: 51 Kgs/DayPlant & machinery: Rs. 76 Lakhs
Working capital: Rs. 67 LakhsT.C.I: Rs. 190 Lakhs
Return: 15.48%Break even: 69.75%
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Essential Oil from Rose Flowers - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost & Revenue

The essential oil of roses is not obtained directly from the distillate. Rose water collected during the distillation is placed in shallow earthern or metallic vessel and exposed to the cold of the night air in the open, protected from dust with clean muslin cloth. Rose oils are in constant use as component of awide range of flower and fancy perfumes and several of them are to be found in every cosmetics. The main use of natural rose oil is found in perfume spray industry, toilet soap, Talcum powder and agarbati industry. Rose oil is produced in India in large quantities mainly in U.P. state. It exports 60% products to overseas market and 40% is indigenously sold. So there is good export market potential. Any entrepreneur can may come this field and get profit.
Plant capacity: 400 ml/DayPlant & machinery: Rs. 8 Lacs
Working capital: Rs. 4 LacsT.C.I: Rs. 29 Lacs
Return: 28.21%Break even: 60.76%
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Teak wood & Meranti Doors-Solid and semi solid doors - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Cost of Project

Doors are one of the most important area occupied in the wooden furniture construction area. Generally doors of solid and semi solid are manufactured from woods. It is useful for every domestic family in the commerce and in the each step of civilized life. There is good demand of this stem and gradually demand of the product increases (approximately-3% per annum). The pollution caused by this industry can be controlled by proper treatment. Good scope for a new entrepreneur in this industry.
Plant capacity: 350 Nos.,350 Nos.Plant & machinery: Rs. 8 Lakhs
Working capital: Rs. 4 CroresT.C.I: Rs. 7 Crores
Return: 41.80%Break even: 65.70%
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Edible Vegetable 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

India is the third largest producer of oil seeds in the world. Oil seeds, although occupying only 10 percent of the country?s total cultivated land, play a dominant role in India economy. A very wide range of oilseeds including mustard, groundnut, sunflower, sesame, rapeseed safflower, Niger, soyabean, linseed and castor, packaging plays a very vital role preventing such quality deterioration of oils and scope for the project.
Plant capacity: 16.00 MT/DayPlant & machinery: Rs. 39 lacs
Working capital: Rs. 681 LacsT.C.I: Rs. 886 Lacs
Return: 66.99%Break even: 74.00%
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Palm 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

Over the last three decades or so palm oil has made aggressive in road into the world market for oils and fats. It is now a close second behind soyabean oil in terms of world production. The predictions that very soon palm oil may overtake soyabean oil as the world?s largest source of edible oils. Though palm oil is the world?s second largest in terms of production, for many years now it is already the leader in the export trade. The world demand for edible oil is expected to witness further growth but also an expansion in per capita intake. Every year, the demand is going to grow by more than 3 million tones. This provides very good scope for new investment.
Plant capacity: 24.0 MT/DayPlant & machinery: Rs. 102.00 Lakhs
Working capital: -T.C.I: Rs. 368.00 Lakhs
Return: 43.79%Break even: 47.76%
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Compound Wax from Residual 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

The wax position in India is very critical which is well known to every one. It is always in short supply owing to number of uses in number of Industries. Residual oil is a liquid or semi-liquid product obtained as residual from the distillation of petroleum. It contains the asphaltic hydrocarbons also known as black oil. It is combustible. There are very limited units engaged in the manufacture of compound wax. But however, the demand, by virtue of developments and achievements, that there was, felt the imperative need for the manufacture of compound to be started. Compound wax has a very wide scope to start on small scale. Any entrepreneur can invest in this field.
Plant capacity: 1.0 MT/DayPlant & machinery: Rs. 10.0 Lacs
Working capital: Rs. 24 LacsT.C.I: Rs. 54.0 Lacs
Return: 44.36%Break even: 46.52%
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Mahuwa 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

Mahuwa is a tropical fruit. It is found in the month of April - July or August - September. It is a fleshy green, yellowish or orange brown when ripe, 2.5 to 5 cm long, 1-4 shining seeds. It?s total mass content 70% in seed, two kernels in a seed. 2.5 cm X 1.75 cm, oil content 46% in latatolia and 55% in longitolia which are smaller in size. Mahuwa fruits are taken and decartified to get kernels & then if is treated in the ghani or expeller or solvent extraction plant to extract out oil from it. For the processing of mahuwa oil two major ways are utilized, first one is expeller process & second is solvent extraction process. About 35% vegetable oil is imported in our country to meet the indigenous demand. One of major reasons behind the non availability is that the fruit itself is not available throughout the year. It is of pale yellow colour. It is mostly used in soap making up to 45%, used in treatment of wool of jute, for candle making, for edible purposes by tribals, used up to 5% in vanaspati, medicinal application for skin diseases.
Plant capacity: 10 MT/DayPlant & machinery: Rs. 40 Lakhs
Working capital: Rs. 199 LakhsT.C.I: Rs. 289 Lakhs
Return: 74.00%Break even: 25.00%
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Calcium Salt of Higher Fatty Acid using Cotton Seed Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Plant Layout

Calcium salt of higher fatty is a hard soap. It is mainly used as fatty acids. Calcium salt of higher fatty acids generally is made by using basic raw material lime and cotton seed oil, sometimes caustic soda is also used as basic raw material. For manufacturing of calcium salt of higher fatty acids of cotton seed oil, there is used close jacketed reactor made by M. S. Plate with bottom dished end. There are indigenous technology, as well as good fabricators and designers also available. The raw material also available in India. There has fair market of calcium salt of higher fatty acid in India. So few entrepreneur may enter in this production by proper study of the market.
Plant capacity: Calcium Linocate 1.00 MT /Day, Calcium Oleate 525 Kg/Day, Calcium Palmitate400 Kgs/DayPlant & machinery: Rs. 42 Lakhs
Working capital: Rs. 67 LakhsT.C.I: Rs. 143 Lakhs
Return: 69.56%Break even: 34.91%
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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 and its derivatives are products of good commercial significance with advancement and new innovation in the field or medicines and allied fields. The demand of these products increasing day by day and their popularity is increasing at a rapid pace. At present there exists a great demand supply gap and to fill which there is an imperative need for many unit to come up in this field.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 0.01%Break even: N/A
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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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