Cameroon is anticipating of becoming an emerging economy in 2035with the growth rate of 4.3% GDP in 2012. According to IMF reports of 2010, the economy should be growing at 7.5% in 2012 for this vision to be realized by 2035. However, the mid-term goal is set for 2017 for Cameroon to become a “middle income country”, and this might be every unlikely to occur because of the following outstanding challenges that need to be addressed such as:
E-Vision 2035 is aimed at putting in place a platform for capacity building, fundraising, and networking for local producers in the informal sector to boast production, transformation and packaging by 2022, alongside mobilizing all forms of interactive mediums to fundraise for the implementation and marketing of our local products both nationally and internationally. This will be achieved by creating partnerships and strategic tie-ups with the local administration, the private sector and Cameroonians at the Diasporas as from 2022 to mobilize the stock exchange market in Cameroon by 2035.
The pilot phase which is the Fako Economic Development Plan is on the pipeline with identified 30 groups of 600 participating (Women and Youths) selected from the above mentioned industries after our 14 days on Entrepreneurship, Agriculture and elaborating a business plan. The trainings that targeted this two audience was aimed at:
These businesses from selected participants will be developed and compiled into the Fako Economic Development Plan to be marketed to donours and investors for fund raising. At this level FYCB is following up the Development of 110 business plans from the selected industries by participants into the Fako Economic Development Plan which, business plans are still under development