At Africa CEO Forum In Abidjan, PM Dion Ngute Encourages Investors To Invest In Cameroon


PM Dion Ngute In Abidjan

By Raymond Dingana 

Cameroon's Prime Minister, and head of government, Chief Dr Joseph Dion Ngute has used the Africa CEO Forum in Abidjan to seduce foriegn investors to consider investing in Cameroon. While in Ivory Coast, Chief Dr. Joseph Dion together with his peers from Ivory Coast, Tanzania and Guinea Conakry have reviewed the need to advance a win-win State-private sector partnerships. This, they said, is needed to jump start Africa’ development.

During a high level panel discussion, the different Prime Ministers pointed out in clear terms the need the Governments to engage more profoundly with the private sector given that no economy can flourish without an solid private sector.

During the discussions Dion Ngute and his peers underscored the need for favorable and resilient policies to be put up by governments to enable the private sector harness its expertise and touch in strategic management. 

They agreed that, it will also permit the tracing of a well-defined and unambiguous road map to development. This, to the panelist remains a major barrier to the strengthening of the public-private collaboration.

    Reforming African Development Bank:

Another key point that was placed on the table for discussion was the pointing out of the possibility of the African Development Bank to copy the model of the China Development Bank. The Chinese Bank’s model of favoring investment and creating an internal ecosystem to ease access to financing particularly for investors was highlighted. 

The Heads of Government were keen to the fact that access to financing should give priority to investments that will boost development right from the grassroots. 

Finally Chief Dr Joseph Dion Ngute and his co-panelists highlighted the policies that can fast-track private sector benefits in the Public Private Partnership, PPP deal.

According to them, there is a need for African government’s to give a listening ear to the private sector that is struggling in most African countries today.

“If the Government can increase its support to the private sector then it will be able to lift its head above the waters and participate in full flesh in the development of the African continent,”
they noted in their report.

 In the meantime, experts say two-thirds of ministers surveyed globally predict that the future governments will collaborate more closely with the private sector. Yet despite legislation in all African States governing business-State partnership, many private sector leaders, experts say, remain dissatisfied with public policies . 

With the rapid growth of the population , budgetary constraints and other hitches, there is a need for the private and public sector to collaborate more in order to ease the burden on each other and develop the continent.

About the Africa CEO Forum in Abidjan 

The Africa CEO Forum gives room for business stakeholders to underpin the need for Africa to come out of its shell and give a policy statement on where she is going to. It is also a gathering for her to show how she intends bridging the gap of individualism to enhance communal growth.

 The tone is set for States to no longer hesitate to use radical economic levers to defend their strategic interests. The resurgence of economic nationalism is no longer a diffuse threat. It is a reality that is imposed on everyone, from the Americas to Asia, including Europe, redefining international relations for Africa, the consequences of this shift are unequivocal. 

As financing growth is becoming more complex, experts say capital is fleeing uncertainty to seek refuge in areas deemed safer or towards safe heavens. It is in this context that the Forum opens to enable government maneuver through efforts of development.


For two days, the Africa CEO forum community will gather for high-level debates, strategic negotiations, thematic workshops and focused discussions to lay the foundations for New deal for Africa. The continent has taken time to get to this level. It is necessary to make new turns to push forward for concrete actions in a fast changing world that is out for mobility and development.

Comments

Dr Peter Mbile said…
This is very exciting indeed - a win win - win partnership between the AfDB - Government - Grassroots corporation in Africa.
May 13, 2025 at 8:47 AM
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