1. CAMEROON: ASSETS, POTENTIALS AND ECONOMIC PROSPECTS LONDON, 7 MAY 2014 Emmanuel NGANOU DJOUMESSI Minister of The Economy, Planning and Regional Development

2. INVESTING IN CAMEROON, THIS IS THE MOMENT

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4. 4 1. Brief presentation and geographical situation of Cameroon (1/2) It is bounded in the West by Nigeria, in the North by Chad, in the East by the Central African Republic, in the South by Gabon, Equatorial Guinea and the Republic of Congo; It is bounded in the West by Nigeria, in the North by Chad, in the East by the Central African Republic, in the South by Gabon, Equatorial Guinea and the Republic of Congo; Cameroon is a market of about 22 million consumers which could be extended to the 300 million consumers of the Economic Community of Central African States, plus Nigeria; the youth (under 15) account for 43% of these consumers while 54% of them are people of working age. Cameroon is a market of about 22 million consumers which could be extended to the 300 million consumers of the Economic Community of Central African States, plus Nigeria; the youth (under 15) account for 43% of these consumers while 54% of them are people of working age. Cameroon, the whole Africa in a single country is situated in the heart of the Gulf of Guinea; it has a surface area of 475,444 square kilometres

5. 5 The country shares a maritime border with the Atlantic Ocean ; The country shares a maritime border with the Atlantic Ocean ; Access to the sub-régional market including Nigeria, Democratic Republic of Congo or Sudan is guaranted. Access to the sub-régional market including Nigeria, Democratic Republic of Congo or Sudan is guaranted. 1. Brief presentation and geographical situation of Cameroon (2/2)

6. 6 2. Cameroons economic potentials (1/3) Cameroon is « the whole Africa in a single country » Agricultural potential is rich and diversified owing to the variety of climates and soils; Agricultural potential is rich and diversified owing to the variety of climates and soils; Agricultural production ranges from food crops to cash crops: banana, cotton, cocoa (4th worlds largest producer), coffee, tea, sugar cane, natural rubber, cereals, fruits and vegetables, tubers; Agricultural production ranges from food crops to cash crops: banana, cotton, cocoa (4th worlds largest producer), coffee, tea, sugar cane, natural rubber, cereals, fruits and vegetables, tubers; The country is particularly suitable for livestock production (northern parts and North-West region of the country); The country is particularly suitable for livestock production (northern parts and North-West region of the country); Forestry, with one of the largest forest block in the Congo basin. Forests cover 40 per cent of the national territory; Forestry, with one of the largest forest block in the Congo basin. Forests cover 40 per cent of the national territory;

7. 7 Fishing presents very bright prospects with the 360 km of maritime coasts, and the Bakassi peninsula which is renowned for its abundant fish stocks; Fishing presents very bright prospects with the 360 km of maritime coasts, and the Bakassi peninsula which is renowned for its abundant fish stocks; A variety of mineral resources yet untapped (iron ore: 550 million tonnes – 4th worlds largest reserve and 2nd in Africa; cobalt and nickel: about 52 million tonnes, etc.); A variety of mineral resources yet untapped (iron ore: 550 million tonnes – 4th worlds largest reserve and 2nd in Africa; cobalt and nickel: about 52 million tonnes, etc.); Oil is a Cameroons main mine product, natural gas exists with reserves of more than 116 billion m³; Oil is a Cameroons main mine product, natural gas exists with reserves of more than 116 billion m³; Cameroon has the second largest hydroelectric potential in Africa (4256 GWH). Several energy projects are underway (Lom Pangar, Memveele, Mekin, Kribi) ; many one are under studies. Cameroon has the second largest hydroelectric potential in Africa (4256 GWH). Several energy projects are underway (Lom Pangar, Memveele, Mekin, Kribi) ; many one are under studies. Cameroon is « the whole Africa in a single country » 2. Cameroons economic potentials (2/3)

8. 8 A dense road network that stretches over the territory, representing 50,000 km including 4519 km tarred; the larring is continuing ; A dense road network that stretches over the territory, representing 50,000 km including 4519 km tarred; the larring is continuing ; Four seaports with two under construction (the first phase oh the Kribi Deep Sea Port is to be completed in June 2014); Four seaports with two under construction (the first phase oh the Kribi Deep Sea Port is to be completed in June 2014); Four international airports (Yaoundé, Douala, Garoua and Maroua) and régional second-class airports for domestic flights; Four international airports (Yaoundé, Douala, Garoua and Maroua) and régional second-class airports for domestic flights; A dense telecommunication network comprising one landline operator and 3 mobile operators; A dense telecommunication network comprising one landline operator and 3 mobile operators; Various forms of tourism, including (i) beach tourism, (ii) photographic safaris, (iii) cultural tourism, (iv) mountain tourism, (v) ecotourism and (vi) business tourism; Various forms of tourism, including (i) beach tourism, (ii) photographic safaris, (iii) cultural tourism, (iv) mountain tourism, (v) ecotourism and (vi) business tourism; 2. Cameroons economic potentials (3/3) Cameroon is « the whole Africa in a single country »

9. 9 3. Cameroons investment assets (1/6) Cameroon is endowed with numerous assets of diverse nature: Political Judicial Socio-cultural and Economic

10. 10 Politically: Cameroon enjoys political stability and social peace which reduce uncertainties and country-risk in the business environment; Cameroon enjoys political stability and social peace which reduce uncertainties and country-risk in the business environment; A multiparty parliament comprising two houses (the Senate and the National Assembly) with 07 political parties represented in the National Assembly and 06 in the Senate. A multiparty parliament comprising two houses (the Senate and the National Assembly) with 07 political parties represented in the National Assembly and 06 in the Senate. An independent judicial system; An independent judicial system; Legal and judicial security strengthened by its status of member State of the Treaty on the Harmonization of Business Law in Africa (OHADA); Legal and judicial security strengthened by its status of member State of the Treaty on the Harmonization of Business Law in Africa (OHADA); Creation of commercial benches within the Courts of Appeal. Creation of commercial benches within the Courts of Appeal. As far as Judiciary is concerned: 3. Cameroons investment assets (2/6)

11. 11 Good governance is monitored by specialized institutions (National Anti-Corruption Commission [CONAC], National Financial Investigation Agency [ANIF], National Governance Programme, Supreme State Audit, Special Criminal Court, Audit Bench, Anti-Corruption Units within ministries) Good governance is monitored by specialized institutions (National Anti-Corruption Commission [CONAC], National Financial Investigation Agency [ANIF], National Governance Programme, Supreme State Audit, Special Criminal Court, Audit Bench, Anti-Corruption Units within ministries) On the Socio-cultural field : English and French are the two official languages. Many Cameroonians are also well-versed in Spanish, German and Chinese; English and French are the two official languages. Many Cameroonians are also well-versed in Spanish, German and Chinese; Religious tolerance with Christianity, Islam and traditional beliefs representing the main religions Religious tolerance with Christianity, Islam and traditional beliefs representing the main religions 3. Cameroons investment assets (3/6)

12. 12 In the field of Economy The Cameroon Economy key indicators are combined in a brochure at your disposal ; The Cameroon Economy key indicators are combined in a brochure at your disposal ; Macro-economic stability backed up by a 5.5 per cent GDP growth and controlled inflation around 3 per cent; Macro-economic stability backed up by a 5.5 per cent GDP growth and controlled inflation around 3 per cent; A growing middle-class within a working population of 54 per cent and an ever increasing per capita income (1392 USD); A growing middle-class within a working population of 54 per cent and an ever increasing per capita income (1392 USD); A very positive indebtedness (public debt/GDP= 16 per cent); A very positive indebtedness (public debt/GDP= 16 per cent); Higher education comprises eight (08) State Universities and private universities which produce skilled and multidisciplinary manpower. Higher education comprises eight (08) State Universities and private universities which produce skilled and multidisciplinary manpower. 3. Cameroons investment assets (4/6)

13. 13 A University Free Zone established in 2008 to bring universities and industries closer; A University Free Zone established in 2008 to bring universities and industries closer; An attractive framework to secure a return on investments thanks to the enactment of two important laws: An attractive framework to secure a return on investments thanks to the enactment of two important laws: The law of 18 April 2013 to lay down investment incentives (tax and customs incentives, financial and administrative incentives, specific incentives in the form of VAT exemptions) the Minister of Finance will elaborate on ; The law of 18 April 2013 to lay down investment incentives (tax and customs incentives, financial and administrative incentives, specific incentives in the form of VAT exemptions) the Minister of Finance will elaborate on ; The law of 16 December 2013 to regulate economic zones in Cameroon which seeks to promote investment, exports, competitiveness, employment and economic growth. The law of 16 December 2013 to regulate economic zones in Cameroon which seeks to promote investment, exports, competitiveness, employment and economic growth. 3. Cameroons investment assets (5/6)

14. 14 Introduction of specific measures notably: Introduction of specific measures notably: Establishment of Centres of Formalities for the Creation of Enterprises in the 10 regions of the country; Establishment of Centres of Formalities for the Creation of Enterprises in the 10 regions of the country; Streamlining of procedures pertaining to the creation of enterprises; Streamlining of procedures pertaining to the creation of enterprises; Streamlining of land concession procedures; Streamlining of land concession procedures; Establishment of reception counters at airports for investors; Establishment of reception counters at airports for investors; Establishment or restructuring of special committees charged with monitoring investment incentives and economic competitiveness issues. Establishment or restructuring of special committees charged with monitoring investment incentives and economic competitiveness issues. 3. Cameroons investment assets (6/6)

15. 15 4. Investment opportunities (1/2) Cameroon offers many opportunities : Two public procurement methods (public tenders, and public- private partnership contracts): Two public procurement methods (public tenders, and public- private partnership contracts): The PPP approach gives any investor the opportunity to engage in the design, funding, construction, maintenance and operation or management of engineering works or public amenities The PPP approach gives any investor the opportunity to engage in the design, funding, construction, maintenance and operation or management of engineering works or public amenities Roads: Yaounde-Douala highway; Edea-Kribi highway; Edea-Yoyo Roads: Yaounde-Douala highway; Edea-Kribi highway; Edea-Yoyo road; etc.; road; etc.; Railways, airports and ports: Douala-Limbe railway; Kribi-Lolabe Railways, airports and ports: Douala-Limbe railway; Kribi-Lolabe railway; Ngaoundéré-Douala railway; Mbalam-Lolabé railway; railway; Ngaoundéré-Douala railway; Mbalam-Lolabé railway; Douala new airport, etc. Douala new airport, etc. Numerous projects are either underway or planned in several sectors :

16. 16 Water supply schemes (supply of the main cities of Douala and Water supply schemes (supply of the main cities of Douala and Yaounde with potable water) Yaounde with potable water) Mining (exploitation of bauxite, uranium, diamond, etc.) Mining (exploitation of bauxite, uranium, diamond, etc.) Agro-industry, tourism and industrial processing Agro-industry, tourism and industrial processing Energy: several hydroelectric projects (Song Dong; Mamfe; Kikot); Energy: several hydroelectric projects (Song Dong; Mamfe; Kikot); Bamboutos wind power plant; Kribi-Yaounde power line; pipeline to Bamboutos wind power plant; Kribi-Yaounde power line; pipeline to transport petroleum products, etc.) transport petroleum products, etc.) 4. Investment opportunities (2/2) (The competent ministers will éelaborate on)

17. 17 5. Economic prospects (1/2) Improved international credibility: Cameroons graduation to the IBRD lending window of the World Bank Group; Bright growth prospects: Commissioning of the Kribi deep sea port, South of Cameroon; Commissioning of the Kribi deep sea port, South of Cameroon; Lifting of energy constraints; Lifting of energy constraints; Positive outcomes are expected in the short term owing to the implementation of structural measures taken in 2013 mainly with the aim of improving the business environment and economic competitiveness. Positive outcomes are expected in the short term owing to the implementation of structural measures taken in 2013 mainly with the aim of improving the business environment and economic competitiveness. Cameroons economic prospects are bright

18. 18 to accelerate the improvement of the business climate, modernisation of the production base, access to and availability of production factors, access to funding and industrialisation; All efforts are made to accelerate the improvement of the business climate, modernisation of the production base, access to and availability of production factors, access to funding and industrialisation; The new dialogue frameworks with the private sector will help accelerate the implementation of measures pertaining to private investment incentives and move forward with the improvement of the business climate; The new dialogue frameworks with the private sector will help accelerate the implementation of measures pertaining to private investment incentives and move forward with the improvement of the business climate; Creation of economic zones in the short term in order to put in place more enticing conditions for foreign direct investments. Creation of economic zones in the short term in order to put in place more enticing conditions for foreign direct investments. Cameroons economic prospects are bright 5. Economic prospects (2/2)