Yaounde, Cameroon Africa. (Cameroon News) – Cameroon’s Minister of Economy, Planning and Regional Development, Louis Paul Motaze from May 10 to 13 led a government and business delegation that exhibited the country’s investment potentials in Switzerland cities of Zurich and Geneva during Cameroonian Days organized to woo Swiss investors.
Mr Motaze presented to Swiss government officials and investors Cameroon’s business environment and giant infrastructure projects, the final communiqué on the visit stated.
The Director General of the Investment Promotion Agency, Marthe Angeline Minja informed Swiss investors of the fiscal and customs incentives government has put in place to facilitate setting up enterprises in Cameroon, stating that with the one stop shop for the creation of enterprises, it is possible to set up an enterprise in the country within three days.
Students in Free Enterprise are all set to re-launch Café Cameroon as the previous suppliers faced financial troubles to carry the business forward.
The new enterprises, she added, are exempted from taxes during the first year of functioning. Other sectors of the Cameroonian economy presented to the Swiss businessmen include tourism, water supply, trade and handicraft.
The Swiss investors, the communiqué disclosed, promised to come to Cameroon during the business fair exhibitions called Promote, that will be organised in the second half of 2011.
Switzerland is an international banking and financial giant, reported to be the first European country in technological innovation and occupies the fourth position in the world.
It has latest technologies in the varied sectors like pharmaceutical industry, chocolate and milk.
