!DOCTYPE html>
All for Joomla All for Webmasters


Cameroonian Business Mogul Calls On The Government To Strengthen Economic Cooperation With Nigeria

Commenting during a roundtable organised during the international economic conference which took place in Yaoundé from 17 to 18 May 2016, Paul Kammogne Fokam, 2nd fortune in sub-Saharan francophone Africa according to Forbes magazine, suggested to the Cameroonian government to strengthen the economic cooperation with Nigeria through a formal economic partnership agreement (EPA). “Investors want the government to start negotiations for the signature of economic partnership agreements with Nigeria instead of the European Union”, he declared.

Through this proposal, the founder of the Afriland First Bank group, who also deals with the MC2, the 2nd largest network of microfinance establishments of the country, has thus taken a stance opposite to Jose Manuel Barroso. At the opening of the Yaoundé conference, this former president of the European Commission congratulated the Cameroonian government on having signed a provisional EPA with the EU, and encouraged other African countries to move in the same direction considering, he explained, of the opportunities offered by the EPAs in terms of investments growth and new markets.

Upon further consideration however, Jose Manuel Barroso and Paul Kammogne Fokam both seem to agree on the benefits of economic integration as an investment accelerator. “Our countries on their own cannot do anything. It is with the others that we can create a sufficiently attractive market to capture investments and trade”, Mr Barroso pointed out.

However, if for the former Portuguese Prime Minister Cameroon’s and Africa’s hope in terms of investment growth could be through the signing of EPAs with the EU, the above-mentioned Cameroonian industrialist, on his part, rather favours EPAs with Nigeria, the most populated country in Africa (over 150 million inhabitants) and first economy of the continent with whom Cameroon shares about 1,500 km of borders, and whose standards to be applied to products are certainly less rigid that those in force in the European Union.


Concord Newsdesk

A plea from Cameroon Concord........

Thank you for reading our magazine, we have a plea to ask you our readers. Over the last two years, hits on our articles have been climbing, we have had an increase in clicks and also a broader reading audience on our social media channels.Our readers have been writing to us requestion for news updates from Cameroon/Southern Cameroons. We have as well been trying to give you the best we can, however, we are short of finances to recruit reporters to carry on independent and investigative journalism which takes a lot of time, money and hard work to produce. We are therefore pleading on you to support our efforts for this platform to be able to keep up the good work we are doing.

For as little as €1, you can support Cameroon Concord– and it only takes a minute. Thank you.


Website: www.cameroon-concord.com Email This email address is being protected from spambots. You need JavaScript enabled to view it.
Share your views on this article

Headlines On Cameroonian English Tabloids

Modern Villa For Sale in Yaounde Cameroon

Cameroon Concord  is an online publication covering and reporting on  local and world news, sports, entertainment, politics, business, and religious news. Serving Cameroonians .



Get the latest news and information delivered directly to your inbox by subscribing to our news alerts.



Right Click

No right click

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…