Cameroon enjoys relatively steady economically and politically situations which has allowed for good levels of development and a more attractive business environment. Although its GDP is one of the highest in the region, private sector activity is growing slowly and gradually.
p>Cameroon benefits from some major international trading links, although fluctuating international oil and cocoa prices impact heavily on the country’s economic progress. The government has been keen to push a number of IMF and World Bank programs aimed at attracting investment and develop trade, and more reforms designed to further privatization are expected.With its dual legal system, Cameroon operates under a joint system of English common law and French civil law, and France acts as one of the country’s major trading partners. The increasing industrialisation of the region means that Cameroon is enjoying a more diversified economy, one that is becoming of interest to investors.
The Firm is currently acting on a major due diligence exercise for a French-based multinational acquiring assets across the region.
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