The United Nations Conference on Trade and Development (UNCTAD) and the Global Entrepreneurship Network of the US State Department have ranked Cameroon first, scoring seven out of 10 points, for its “MyBusiness.cm” online business registration system which is listed in the Global Enterprise Regulation portal. A certificate of “Highest Appreciation” was awarded during the Global Economic Forum organised by the United Nations Organisation on 18 July, 2016 in Nairobi, Kenya.
Presenting the award to the Prime Minister, Head of Government at the Star Building, yesterday, July 26, 2016, the Minister of Small and Medium-Size Entreprises, Social Economy and Handicraft, Prof. Laurent Serge Etoundi Ngoa, was full of gratitude to Philemon Yang for instructing reforms in business registration in a bid to improve the business environment. Six months ago, government put in place the online business registration platform “MyBusiness.cm” and made it functional in the cities of Yaounde, Douala and Garoua.
“Upon a discreet on-the-spot evaluation and inquiries by agents from the US State Department’s Global Entrepreneurship Network in our One-Stop shops for business registration, they realised the system was functioning,” he told the press after the audience.
Cameroon beat 18 other countries to emerge first in the e-registration category, while the Kingdom of Bhutan ranked first in the e-regulation category. In all, 116 countries were evaluated this year. “We believe Cameroon’s ranking will improve in this yearly exercise when we must have installed the system in all 10 regions,” said Prof. Etoundi Ngoa, failing to conceal his determination to strive for a better business climate to attract investments.