Cameroon Investment Forum Yaounde:Jose Manuel Barroso calls on Cameroon to open doors to local investors

These well-known personalities took to the rostrum to face hundreds of local and foreign participants, after a welcome address from the President of the Republic of Cameroon, Paul Biya.

The first speaker, Jose Manuel Barroso former President of the European Commission (2004-2014) said Cameroon like Africa is an economic reserve that needs to be effectively exploited for the economic interest of her citizens.

He insisted that a favourable investment zone in which Cameroon is battling for, should have good investment policies that favours investors.

Jose Manuel Barroso also called on the Cameroon government to ensure good governance, security and open their doors to local investors which will in turn attract foreigners.

On his heels was Dr. Chung Un-Chung, former Prime Minister of the Republic of Korea who won hearts of many investors with Korean successful story, a story that help transited Korea from a very poor cycle to the seventh biggest economic power in the world.

He said Cameroon should encourage shared growth and prosperity in a bid stop the vicious cycle where the rich get richer and the poor poorer.

Adding to what the Korean PM said, the Chairman of the United Bank for Africa, Tony Elumelu expressed the need of expanding UBA banks engagement in Cameroon.

The philanthropist encouraged the Cameroon government to ensure capital investments in domains like telecommunications, agriculture, and commerce.

He has pledged to partner with the Cameroon government in his Tony Elumelu foundation that encourages 10000 young African business start-ups.

Many speakers in the timetable are schedule to showcase Cameroon’s investment opportunities during working sessions.

CRTV

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