Implement Values

The World Fact­book CIA

Economy of Cameroon

Because of its mod­est oil resources and favor­able agri­cul­tur­al con­di­tions, Cameroon has one of the best-endowed pri­ma­ry com­mod­i­ty economies in sub-Saha­ran Africa. Still, it faces many of the seri­ous prob­lems con­fronting oth­er under­de­vel­oped coun­tries, such as stag­nant per capi­ta income, a rel­a­tive­ly inequitable dis­tri­b­u­tion of income, a top-heavy civ­il ser­vice, endem­ic cor­rup­tion, and a gen­er­al­ly unfa­vor­able cli­mate for busi­ness enter­prise. Since 1990, the gov­ern­ment has embarked on var­i­ous IMF and World Bank pro­grams designed to spur busi­ness invest­ment, increase effi­cien­cy in agri­cul­ture, improve trade, and recap­i­tal­ize the nation’s banks.

Reforms in Cameroon

The IMF is press­ing for more reforms, includ­ing increased bud­get trans­paren­cy, pri­va­ti­za­tion, and pover­ty reduc­tion pro­grams. Sub­si­dies for elec­tric­i­ty, food, and fuel have strained the bud­get. New min­ing projects — in dia­monds, for exam­ple — have attract­ed for­eign invest­ment, but large ven­tures will take time to develop.

Cameroon’s busi­ness envi­ron­ment — one of the world’s worst — is a deter­rent to for­eign invest­ment. It is our goal and mis­sion to tack­le this real­i­ty and per­cep­tion as viewed par­tic­u­lar­ly by the west­ern world and culture.

It is our intent to tack­le this at two levels:

1. Busi­ness­es in Cameroon; Edu­ca­tion and train­ing into a more west­ern­ized cul­ture and method­ol­o­gy in con­duct­ing business.
2. Stu­dents; Edu­cat­ing our next gen­er­a­tions into a more eth­i­cal busi­ness environment.

CamAid effects changes in Cameroon

CamAid has been estab­lished to effect changes in the Cameroon soci­ety by edu­cat­ing and train­ing exist­ing busi­ness­es, and their next gen­er­a­tion — the Cameroon youth — into bring­ing the gen­er­al com­mer­cial thought, and action process into evolv­ing into a more focused-cen­tric work­force that devel­ops the country’s think­ing into a more eth­i­cal culture.

CamAid’s objec­tive is to:

1. Encour­age growth and fund­ing oppor­tu­ni­ties in the coun­try by stim­u­lat­ing soci­ety, and the eth­i­cal cul­ture in which orga­ni­za­tions in the Cameroon con­duct business.
2. Edu­cate both the Cameroon busi­ness sec­tor and the youth who will form the next gen­er­a­tion of the Cameroon busi­ness sec­tor, into the cul­ture which is acknowl­edged by most west­ern coun­tries-and par­tic­u­lar­ly in the US, and the west­ern world — the cor­rect and eth­i­cal man­ner in which to con­duct busi­ness, and hence the stan­dards that need to be achieved by busi­ness­es doing busi­ness with each other.