Day: June 7, 2023

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Business leaders express interest to invest in Cameroon

Several Business leaders across the globe have expressed their interest to invest in the country.

This was during two day African CEO Forum that took place in Abidjan, Côte d’Ivoire from June 5 to 6, 2023.

Prime Minister, Joseph Dion Ngute represented President Paul Biya at the forum which was held under the theme, “Navigating the crisis from 300 to 3000: How to deliver the next generation of African Champions.”

The Prime Minister held B2G (Business to Government) sessions with business leaders operating in different sectors across the world. They all expressed the wish to extend their businesses to Cameroon in the domains of ICT, energy, telecommunication, agriculture, water, and education amongst others.

“We did have an extensive exchange on future investments related to transport and mobility systems in the country, especially in the cities of Douala and Yaounde,” Mama Sougoufara of Alstom Transport and Mobility said.

“For the last 10 years, we have done dozens of impact projects in Africa in water, energy, food security, technology, and housing. We have not yet worked in Cameroon. It was a very good meeting exchange exploring joint opportunities” CEO of Mitrelli Group Yaron Tchwella stated.

The CEOs said they are attracted to Cameroon because of the location of the country, her leading role in the Central African sub-region, and the incentives put in place by the government.

The Cameroon delegation headed by Prime Minister Chief DrJoseph Dion Ngute also comprised among others; the Minister of the Economy, Planning and Regional Development, MINEPAT, Alamine Ousman Mey; the General Manager of the Cameroon Investment Promotion Agency, IPA, Angeline Marthe Mindja and the Director of Cabinet at the Prime Minister’s Office, Balungeli Ebune Confiance.

The gathering of over 1800 participants featured 41 African countries, and participants from 71 countries across the globe.

Experts say the meeting is the largest coming together of the African Private sector in one sitting.

Source: Cameroon News Agency

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Cameroon, fertile place for investment- PM

For the past two days, Prime Minister, Chief Dr, Joseph Dion Ngute, has been wooing investors at the Africa CEO Summit that took place in Cote D’Ivoire’s defacto capital, Abidjan.

The Prime Minister who was representing President Paul Biya, urged investors to try destination Cameroon, enumerating the potentials the central African country has.

The forum is said to be the largest gathering of African investors in the private sector and decision-makers.

This year, the forum was held under the theme “Succeeding in the Past Crises – From 300 to 3000: How to Accelerate the Emergence of the Next Generation of African Champions”.

About 20 Cameroonian companies were selected to represent the Cameroonian delegation at the 2023 Africa CEO Summit. The companies are specialized in areas of public works, processing, production, services, communication, transport, and logistics.

They brainstormed in areas like energy transition adapted to Africa, the impact of mining and agribusiness, the need for Africa to be more vocal on major international issues, and the means available to companies to adapt to inflation.

Source: Cameroon News Agency

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President Paul Biya receives another set of Ambassador designates to Cameroon

The President of the Republic Paul Biya, has again received letters of credence from an additional 4 Ambassadors and 2 high commissioners credited to the country.

Received in this regard, was Her Excellency Corinna Fricke, Ambassador of the Federal Republic of Germany to Cameroon. She was closely followed by the High Commissioner of the United Kingdom of Great Britain and Northern Ireland, His Excellency Christian Dennys-Mcclure.

Then His Excellency Martin Strub, the Ambassador of Switzerland; His Excellency Filipo Scammacca Del Murgo, the Ambassador of Italy; His Excellency Nozomu Takaoka, the Ambassador of Japan; and His Excellency Anindya Banerjee, the High Commissioner of India to Cameroon.

The Six Diplomats then took turns to present their letters of credence to the President of the Republic, in a solemn diplomatic ritual that sealed their appointment as representatives of their countries to Cameroon.

This gesture poses an official seal to their diplomatic tour of duty in Cameroon.

In only two ceremonies, the number of the addition to Cameroon’s diplomatic family rises to 11 and counting.

The Head of State was assisted by the Minister of State, Secretary General at The Presidency of The Republic, Ferdinand Ngoh Ngoh, the Minister of External Relations Lejeune Mbella Mbella, the Minister, Director of the Civil Cabinet of the Presidency of the Republic, Samuel Mvondo Ayolo and the Commander of the presidential guard Beko’o Abondo Charles.

Source: Cameroon News Agency

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Chantal Biya Foundation reaffirms engagement to help sick, needy

The Chantal Biya Foundation has reaffirmed its commitment and engagement to continue with the provision of efficient actions to help the sick, the needy and the most disadvantaged in Cameroon.

This was affirmed during the fundraising gala dinner organised by the Sovereign Military Order of Malta in Yaounde on Saturday, June 3, 2023, in which Mrs Chantal BIYA was the guest of honour.

First Lady Chantal Biya’s charitable and humanitarian actions were highly acclaimed by the head of the order’s diplomatic mission to Yaounde and the special representative of Fra’ John Dunlap, Grand Master of the Order of Malta. It was revealed that the programme to cater for children suffering from cancer at the Chantal BIYA Foundation touched the lives of 1,200 kids last year. The positive result of this collaboration was a major booster for both institutions to reaffirm this engagement.

The fundraising unfolded through the auction sale of a 60kg bag of Arabic Coffee, a painting, metal and wood structures, calabashes and more that generated the sum of about 30 MFCFA.

The event, attended by 280 invitees, was marked by a successful auction sale – whose proceeds will be put at the disposal of three main projects run by the charity body in Cameroon.

These organs include the Saint John of Malta Hospital in Njombe, the Children’s Cancer Centre of the Chantal BIYA Foundation in Yaounde, and the Roham Chabot Centre for Leprosy and Child Care in Mokolo.

The Ambassador of Malta said, ” I am grateful to the first lady for honouring us with her presence without which we may not have had the joy, excitement and support for our humanitarian activities and this charity dinner is the first of its kind in Cameroon”.

The First Lady, Chantal Biya later on Monday, June 5, 2023, visited the Chantal Biya Foundation where she was received by the Secretary-General and some important dignitaries from the Sovereign Order of Malta.

Source: Cameroon News Agency

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