Study Finds Cameroon Risky for Business in 2015

Business in Cameroon 02

Cameroon is among the African states considered by the British Risk
Control Consultancy Firm as most risky states for business in 2015.
This revelation published in a Document entitled “New World
Disorder”,estimates that there is a “high political risk” in the
Sahel, Bissau to Djibouti  in North Africa and much of central Africa.
In this 2015 edition of its annual card safe, geopolitical and
economic risks for companies and individuals around the world, the
study paints a harsh picture of the situation of African countries in
terms of political and safety risk. Regarding the former, the firm
believes that there is such “extreme risk” on all or part of the
territory of the Central African Republic and Somalia which is hard to
dispute given the conflicts striking these two African countries.
However, the study result groups countries such as Côte d’Ivoire and
Libya, Cameroon and Somaliland, Madagascar and Eritrea, Algeria and
Gambia, Burundi and Zimbabwe, or the DR Congo and Egypt as areas with
“high political risks” in 2015 thus making these states risky for
business.
According to estimates by the consulting firm, “political risks for
companies”, as measured by adverse regulations, legal insecurity,
exposure to corruption, the dangers of expropriation, nationalization
or international sanctions would be “quite high” in most emerging
countries like China, Turkey, India, Russia, Brazil and Mexico in
particular in 2015.
Besides, the report ranks most countries in Eastern and Southern
Africa as better, with a political risk “average”. It is also the case
of Rwanda, Gabon, Equatorial Guinea and Cameroon in Central Africa,
Senegal, Mauritania, Sierra Leone, Ghana, Benin and Togo in West
Africa.
Only six African countries, Morocco, Cape Verde, Seychelles, Namibia,
Mauritius and Botswana are included in the category of countries with
“low political risk.

By Blaise Whumo

Edited by Jude Fuhnwi



2 Responses to Study Finds Cameroon Risky for Business in 2015

  1. John Bokilo says:

    This “political risk” is mainly driven by an administration, so corrupt, trying to hold power for ever, and frustrating the aspirations of the middleclass. It is a situation where the political leadership could collapse with dire consequences of people fighting for the spoils. This remain a likely scenario, where President Biya is frail both physically and mentally, and is not fit to be an executive of a small company, let alone a major country in West/Central Africa.

    And what about the opposition party?

    When I think of the main opposition, the SDF Party, what comes to mind is the recent political scrambles in Burkina Faso. Remember when the second in Command of the Republican Gard wrestle control of the country from the army general? There were a couple of days where the country was in limbo and nobody was sure what will happen. A couple of political parties rushed to the radio station to announce that they are president. Luckily, the army shot at them, one was injured and the others ran away.

    These opportunists remind me of the SDF Party. It is now a party that feeds on the frustration of the Cameroonian people who are praying for positive change in the country. However, it is a party bereft of ideas and using the opportunity line its pockets to behave even worse than the party it is hoping to replace.

    I don’t know which party is the most effective opposition. However, I know that SDF is not the one!

  2. Johnson Apale says:

    John, you have said it. There’s no oposition in Cameroon. No one is willing to pay the price like late Pa Mandela. Who will then go for us?

Leave a Reply to Johnson Apale Cancel reply