Officials of Cameroon’s Ministry of Mines, Industry and Technological Development said Tuesday the country will hold an exhibition in September to promote its mining potentials to international investors.
“It is a major opportunity to assemble all the mining companies in the world to come to the forefront, so that they will go to the real activity. We are at the verge of making this country (Cameroon) take its proper place as the first destination for mining in Africa,” Gentry Calistus Fuh, Secretary of State in the Ministry of Mines, Industry and Technological Development, told a press conference in the capital of Yaounde.
He said the exhibition will work closely with other African countries to create more opportunities in the extractive industry.
“We have, for the first time since independence, this great opportunity to recover what was lacking of our national territory. We believe that Cameroon has the potential to gather West and Central Africa for other people to come and find finance in Cameroon. We have the largest potential. We communicate in two of most spoken languages, English and French,” Fuh said.
Cameroon is going to continue developing investor favorable legislation that allows it to accrue benefits from its mining resources while allowing profitability for investors, he added. Enditem