Cameroon earmarks e-commerce to steer economy growth

August 4, 2017 10:05 am5 comments

Commonwealth and Cameroon friendship table flagFrom ROSY SADOU in Yaoundé, Cameroon
YAOUNDE, (CAJ News) – THE Commonwealth Secretariat is assisting Cameroon design a national e-commerce strategy to enable the Central African country achieve its national development plan.
During the exercise, the country’s legal and regulatory framework will be reviewed.
The partnership aids Cameroon explore ways to increase the benefits of e-commerce and digital trade.Cameroon also plans to link up its e-commerce strategy to other areas of strategic importance such as national trade policy and industrial development policy.Improved connectivity will enable the country diversity its economy,create employment, reduce poverty and integrate into the multilateral trading system.
Opeyemi Abebe, Commonwealth Trade lead on the project, said this project would enable Cameroon establish the requisite legal framework for e-commerce and identify the sectors within the regional value chain for small and medium-sized enterprises.
“It will lead to increased contribution of e-commerce to the national GDP and facilitate employment creation, as well as poverty reduction amongst the most vulnerable groups in the country,” Abebe said.
Recently, more than 50 people from a range of government agencies and the private sector met in Yaoundé to review key issues for consideration in the draft frame work for the strategy and the legal and regulatory requirements for the country in relation to e-commerce.
Achille Bassilekin, Secretary-General at the Ministry of Trade in
Cameroon, said, “Building a sustainable e-commerce ecosystem remains a priority for the government of Cameroon to ensure that our private sector is able to derive an equitable share from the opportunities provided by global e-commerce.”
Cameroon is currently making significant progress in the development of internet-based solutions, most notably the establishment of the “Silicon Mountain” in Buea in the South West region of the country.
This innovation hub incubates young tech start-ups and growing community of developers and designers, contributing vastly to the economy.
Cameroon, a former French territory, became a member of the Commonwealth in 1995.
–CAJ News

Leave a Reply