The on-going International Economic Conference in Cameroon will amongst other things, be an opportunity for the Cameroon to improve onits poor electronic business sector that has really been lacking behind standards.
The conference which opened this Tuesday, 17th May 2016 in Yaounde has brought together business magnates from Africa and beyond to discover investment opportunites in Cameroon.
With electronic business (e-business) being a latest form of exchange on the international market, with Camerroon left far behind standards, the participants are sure to evoke the topic.
Cameroon is yet to fully embrace and embark on e-business with statistics from Salon Afrikebiz of April 2015 indicating that just two per cent of Cameroonians buy and sell on the internet.
Experts say this slow pace is due to limited and high cost of internet in the country and the lack of awareness from most of heads of Departments and Ministries.
That notwithsatanding, the Director of Google for Africa, Tidjane Deme says Cameroon has potentials in the domain of e-business due to its excellent university training, high literacy
rate and "bilingualism".
It is worth mentioning however that some e-business start-ups have sprouted in the country in recent years, but have faced very slow or negetive growths.
Since the digital economy, with its innovations like e-business, demands the presence of experts, the necessary hardware and adequate training, discussions during this International Economic Conference will tackle these aspects and lay concrete groundwork towards a better use of the electronic business by Cameroonians of all ages.