Cameroon – Digital Economy: Cameroon wants to conquer the world of Digital Economy, and she needs 600 billion XAF

Written by Deckson N.

The project will be based primarily on the development of telecommunications infrastructure in the country.

Cameroon will require an investment of about 600 billion FCFA to finance its national development plan for the digital economy. The announcement was made August 26, 2016 in Yaounde by the Minister of Posts and Telecommunications, Minette Libom Li Likeng, emerging from a meeting organized in the premises housing herĀ  services in Yaounde.

Although the content of this plan commissioned earlier this year with Capgemini Consulting and Interface firms is not yet made public, the magazine Investir au Cameroun reveals that the national plan of development of the digital economy is “primarily based on development of telecommunications infrastructure in the country.

The development of the digital economy development plan, we learn, derives from the requirement made to the Government of Cameroon by the Head of State, Paul Biya, in his speech to the nation at the end of 2015. President Biya had invited his employees to work towards to seize every opportunity that contains the digital economy, to accelerate the development of the country.

The digital development plan must install a solid foundation for the emergence and development of a digital society. Investir au Cameroun recalls that in its 2016 report on ICTs entitled “Innovation in the digital economy,” the World Economic Forum (WEF) ranks Cameroon at the 124th position out of 139 countries in the world. Cameroon figures thus among the 20 surveyed Nations that incorporate less ICT in their economic and social development.

So to “reverse this trend and to take advantage of changes catalyzed by the development of the digital economy,” the Cameroon Government has also retained the digital sector (next to agribusiness and energy) among the “sanctuaries” of the plan of industrialization (IDPs) in the country, currently being finalized.

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Deckson N.

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