Socio-economic Development: Private Sector Must Be On Board

 The Ministry in charge of the economy is dissecting possibilities of better involving private sector stakeholders in economic development in Yaounde at its annual conference

The new approach of the Ministry of the Economy, Planning and Regional Development, MINEPAT, in ensuring that Cameroon’s resilience to double shocks of falling oil and commodity prices as well as security threats is by putting the private sector in the centre-stage of all activities. Officials of the central and devolved services of the ministry started meeting with private sector stakeholders in Yaounde on January 26, 2017, to set the year’s agenda. The get-together themed; “Private Sector as an Engine of an Inclusive and Sustainable Growth,” strives to expand the business environment by stimulating private businesses in sectors that have not benefited investments.
The Permanent Secretary in the Ministry of the Economy, Jean Tchoffo, opening the two-day meeting on behalf of Minister Louis Paul Motaze, stated that; “We are expecting recommendations that keep the economy more robust.” He explained that institutional frameworks in place enable government’s new development priorities to permeate work with private investors. Cameroon’s free trade deal with th...