Cameroon: Begging for Investors Instead of Selling?
So Prime Minister, Yang, is spending billions of CFA Francs on a mission to beg Britain to come and invest in Cameroon? After Biya has gone to Turkey on the same mission and returned virtually empty handed. It makes me wonder, are these our rulers merely creating opportunities to enjoy a European holiday or do they truly think what they do is the best way to encourage foreign direct investment in Cameroon? To achieve a feat like this, is it not advisable to emulate others, in line with Longue Longue who says "one should not be ashamed of copying a good example"? My example here being China. Here the government concentrated on economic reforms at home to create an enabling environment, and neighbouring countries like Taiwan, Hong Kong and S. Korea were early adopters, signalling to European and American multi-nationals that investment in China was safe and profitable. ...