Investment opportunities in Cameroon for the year 2023

As is the case at the end of each year, the President of the Republic of Cameroon makes his traditional end-of-year speech every 31 December at 8:00 pm. In this speech, he outlines the investment priority areas of Cameroon for the upcoming year.

On 31 December 2022, the President, after recalling the difficulties and successes of the year 2022 in his speech and taking into consideration the favorable investment climate in Cameroon, presented the top sectors for investment for the 2023 Financial Year which are essentially on; natural resources and infrastructure projects.

With regard to natural resources, we have the following investment priority areas

mining

• Commencing exploitation of the Kribi-Lobe iron ore. The project includes constructing an iron enrichment plant; an approximately 20-kilometer-long pipeline; and a 60-megawatt power plant.
• Commencing exploitation of the Mbalam-Nabeba iron deposit. The project includes a 540-kilometer-long railway line between Nabeba in Congo and the Kribi Port where a mineral terminal will be constructed.
• Commencing exploitation of the Bipindi – Grand Zambi iron ore. The project includes developing an iron and steel complex for the local processing of iron; constructing a pipeline; and several basic facilities.

Water and energy

• Energy: Commissioning Phase I of the Nachtigal Hydropower Dam and commencing work to connect the South and North interconnected grids.
• Energy: Constructing new energy infrastructures and solar energy development, particularly in the northern part of Cameroon.
• Water: Completing the Project to supply drinking water to the City of Yaounde and its environs from River Sanaga.
• Water: Finalizing procedures to launch the mega-project to supply drinking water to the City of Douala and its environs.
• Water: Constructing water production facilities in other urban and rural localities.

Others

• Promoting “Made in Cameroon” products.
• Coordinating the implementation of the import substitution policy.

With regard to infrastructure, we have the following investment priority areas  

Roads

• Constructing about 700 kilometers of road, including asphalting the Ebolowa-Akom II-Kribi stretch.
• Resuming construction work on the Mora-Dabanga-Kousseri, Babadjou-Bamenda, and Kumba-Ekondo Titi road sections.
• Launching construction work on the urban section of the Yaounde-Nsimalen motorway.
• Accelerating work on the Douala-Yaounde motorway.

Air

• Rehabilitation and modernizing the Tiko, Bertoua and Kribi airports.

Interested to know more about these projects and their current status, please contact 4M Legal and Tax, our member firm in Cameroon.