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Manufacturers Explore Investment Opportunities

The Yaounde Conference Centre will from Thursday November 30 to December 3, 2017 hosts industry exp

C ameroon which is described as the economic  heartbeat of the Central  African sub-region is yet  to have a car assembly plant  of its own. The country with a  stable and growing economy  imports all kinds of automobiles  and accessories from mostly East Asia, Europe, North  America and South Africa.  The National Ports Authority  (which handles 99 per cent of  the country’s imports) in its  2013 report published in 2014,  stated that Cameroon imported  some 187,580 tons of vehicles  and engines representing 2.1  per cent of the country’s total  import. The automobile industry is therefore a promising  sector for both national and  international investors given  that Cameroon’s economy is  on a steady rise.  It is therefore on this premise  that “Cameroon Auto Expo  2017” organised by a Turkish  firm “Expotim International  Fair Organisation in partnership  with State officials, is being  organised at the Yaounde Conference Centre from Thursday  November 30 to December 3,  2017. According to the organisers in a statement on the Auto  Expo website, “Cameroon’s  economy is expanding but  without its own capacity for  producing vehicles and auto  parts.” The Cameroon Auto  Expo, an international exhibition of the automotive components industry will provide  the avenue for “international  manufacturers of auto parts  and accessories planning to  invest in Cameroon to explore  excellent opportunities available  in the country. Manufacturers  will during the 4-day event enter into business relationships  with local buyers. “Due to its  geographical location, the  country has good facilities  and transport routes in Africa. Cameroon Auto Exo offers  exhibitors and visitors adequate  time for detailed technical and  economic discussions to be  concluded,” the organisers  affirmed. The exhibition will  include automotive parts and  accessories, automotive systems, electronics, tools and  machines amongst others.  It should be recalled that a car  assembly plant has been announced in Kribi by Cameroon  Automative Holding Company  following a partnership deal  between the government and a  private Chinese firm a few years  ago. In April 2017, the company  organised an exhibition of the  would be “Cameroon Auto” in  Yaounde but the first “made  in Cameroon” automobiles are  yet to be seen. Statistics from  the Director General of Customs  indicate that Cameroon imported  33,418 passenger cars in 2013  and 7,641 cargo vehicles during  the same period, representing  2.8 per cent of the country’s  total imports.

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