WE ARE SOLICITING FOR FUNDS TO SPONSOR AN AGRICULTURE PROJECT IN CAMEROON,HERE IS A BRIEF DESCRIPTION BELLOW. Investors are needed for a project to PLANT HARVEST AND PRODUCE CRUDE PALM OIL, COCOA, AND ALSO TO INVEST IN THE CONSTRUCTION OF A CHAIN OF HOTELS IN LIMBE AND KRIBI.These are the high potential for growth and high returns on investment in the AGRICULTURE SECTOR AND REAL ESTATE IN CAMEROON. Market Overview of CAMEROON, The economy grew 5.2 percent in 2003, compared to 4.5 percent in 2002, primarily as a result of growth in the agricultural(especially cocoa and palm oil) and industrial sectors. The momentum will likely continue in the medium term, but inflationary pressures and the slow pace of government economic reforms present risks to long-term growth. Growth in the agriculture sector was 6.1 percent in 2003, up from 4.4 percent in 2002. The cocoa and palm oil sub-sector expanded by 16.4 percent in 2003, recovering from a contraction of 0.5 percent in 2002. The relatively favorable world market price of palm oil, cocoa and increased production accounted for this phenomenal growth. Cocoa and palm oil production in the 2003/04 season was 660,000 tons and 750000MT respectively, the highest output since 1964. Forestry and logging activities increased by 6.1 percent in 2003, from 5.0 percent in 2002.Growth in the industrial sector increased to 5.1 percent in 2003, up from 4.7 percent in 2002. The construction sub-sector outperformed the industry sector average with a growth rate of 6.1 percent in 2003, which was largely due to construction work on new road projects, schools and other infrastructure projects.Growth in services, however, remained unchanged at 4.7 percent in 2003, although transport and government services increased. In the past, Cameroon conducted most of its external trade with Europe, but trade with the U.S. is becoming increasingly significant. Cameroon trade and investment ties with CHINA have grown rapidly in recent years and trade with other CENTRAL AFRICAN nations is increasing. Greater transparency and accountability in government as well as strengthened local watchdog institutions fighting corruption have contributed to making CAMEROON a more attractive market to U.S.investors. CAMEROON largest traditional trading partner has been the FRANCE, CHINA,BELGIUM,UNITED ARAB EMIRATES and the U.S. are currently second and third respectively. The last three years have seen an increase in the U.S. share of total imports, and that trend is expected to continue. U.S. exports to CAMEROON in 2004 were estimated at just over $308 million, making CAMEROON the fifth largest export market for the U.S. in sub-Saharan Africa. NEVER THE LESS CRUDE PALM OIL,and COCOA HAS OCCUPY THE APEX OF CAMEROON EXPORT IN THE AGRICULTURAL SECTOR. CAMEROON IS ALSO KNOW FOR ITS CITIZENS ALTITUDE OF HOSPITALITY, NOT WITHSTANDING THE FACT THAT CAMEROON IS MADE UP OF ABOUT 200 ETHNIC GROUPS,CAMEROON has a population of over 20 000 000 million with about 100 THOUSANDS refugees and non of this refuges has ever experience xenophobia as the case in GUINEA EQUATORIAL ,SOUTH AFRICA,CHAD ZIMBABWE ETC, MAKING CAMEROON THE BEST PLACE TO INVEST IN, GIVING TO THE FACT THAT CAMEROON IS A STATE OF PEACE AND THE ONLY COUNTRY IN AFRICA THAT HAS NEVER EXPERIENCE WARS. TO SUM UP CAMEROONS AGRICULTURE GROWTH RATE STANDS AT 18.5% AND THE TOURISTIC SECTOR AT 9.2% GIVING CAMEROON THE BEST PLACE FOR WOULD BE AND POSSIBLE INVESTORS WHO HAS THE VISION TO INVEST IN AFRICA. AS THE SAYING GOES CAMEROON IS AFRICA MINIATURE.
