CAMEROON

Growth increasingly vulnerable to external shocks

D3

SENSITIVE RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD 39bn (World ranking 95, World Bank 2019)
Population 26 million (World ranking 52, World Bank 2019)
Form of state Presidential republic
Head of state Paul Biya (President)
Next elections 2025, presidential
  • A degree of political stability has been achieved under the lengthy rule of the current leadership, yet some infringements on liberties may have occurred
  • Relatively good relations with donors and international financial institutions
  • Membership of the CFA franc zone provides a relatively stable monetary policy. It also reduces exchange rate and transfer risk.
  • Ever more diversified exports boost economic resilience.
  • Cameroon runs trade deficits, is dependent on food imports, and thus exposed to external shocks.
  • Underdeveloped infrastructure and lack of decentralization limit service provision.
  • Cameroon’s business environment ranks among the worst in the world.
  • Relations with Nigeria and the Economic Community of Central African states remain uneasy due to border and trade disputes.
  • President Biya’s health has been a concern and there are associated uncertainties over succession.
  • Increased risk of social unrest because of rising public frustration with perceptions of weak improvement in living standards

Trade structure by destination/origin

(% of total)

Exports Rank Imports
China 13%
1
23% China
India 12%
2
13% Nigeria
Spain 10%
3
11% France
Netherlands 9%
4
4% United States
Italy 6%
5
4% Belgium

Trade structure by product

(% of total)

Exports Rank Imports
Petroleum, petroleum products and related materials 34%
1
18% Petroleum, petroleum products and related materials
Coffee, tea, cocoa, spices, and manufactures thereof 20%
2
9% Cereals and cereal preparations
Cork and wood 15%
3
8% Road vehicles
Vegetables and fruits 7%
4
4% Other industrial machinery and parts
Textiles fibres and their wastes 4%
5
4% Fish, crustaceans, molluscs and preparations thereof
As a result of the rebalancing policy in China, direct financing or bank loans are shrinking sharply and extending to more and more sectors. Consequently, DSO remains high and late payments are not efficiently regulated.

  • Low

  • Medium

  • Sensitive

  • High

  • Payments

  • Court proceedings

  • Insolvency proceedings

  • Payments

  • Court proceedings

  • Insolvency proceedings

 

Financial information cannot always be relied upon, so trading history is often a better indicator of a company’s viability.

It is common to see companies of bad faith proceeding with insolvency in order to avoid paying their debts, as they are able to easily remove goods from the company during audits to present a more difficult picture of their situation. With deep auditing and investigation, it is possible to prove that insolvency has been deliberately created and adequate legal measures can be taken to pursue such deceptive insolvents.​

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