The latest World Bank Doing Business Report (2013) ranked
Cameroon 161st out of 185 economies. Cameroon is behind the regional average of
Sub-Saharan countries but performs better than Equatorial Guinea, Gabon and The
Congo. Among the 10 categories analysed by this survey, Cameroon performs
relatively better in getting electricity, whereas paying taxes and enforcing
contracts are particularly unfavourable. Cameroon is a member of the
Organization for the Harmonization of Business Law in Africa (OHADA), which has
brought Cameroonian business laws in line with other African member countries.
Cameroon’s business laws are relatively clear, but its law enforcement is weak.
The privatisation of state owned fixed-line telecommunications business has
failed several times although new proposals in 2013, if implemented, should
provide further incentives for FDI. Aiming to serve businesses, Cameroon's
leading private sector association, Groupement inter patronal du Cameroun
(GICAM) has pressed the government to simplify public procurement and contract
award procedures. A new government procurement rule created in 2012 is expected
to improve the awarding of contracts procedures and reduce the proportion of
contracts being awarded under private agreements. The state however continues
to play a key role in Cameroonian trade with holdings in some 30 of the top 50
companies (WTO 2013; Bertelsmann Stiftung 2012).
|The Business Environment: Doing Business