Country Overview
Cameroon, home to approximately 28 million people, has a diverse economy propelled by agriculture, energy, and natural resources. Its vast arable land, substantial oil and gas reserves, and vibrant forestry sector drive economic growth. However, infrastructure gaps and governance challenges have hindered the country’s ability to leverage its potential fully. Recent fiscal reforms aim to strengthen public financial management, boost revenue mobilisation, and reduce fiscal deficits, supporting the government’s strategy to attract long-term investments, which declined by 14% in 2023. Despite these efforts, significant risks remain. Security concerns stemming from instability in the Sahel region and internal conflicts in the Anglophone regions undermine investor confidence. Politically, the persistence of gerontocracy raises questions about governance and succession planning, adding to uncertainty. Additionally, elevated global commodity prices have increased inflation, straining household incomes. While the government's diversification efforts are commendable, addressing these risks will be crucial to unlocking Cameroon's economic potential and
