In the 1980s, Cameroon was one of the most prosperous countries on the African continent. Today it presents a weakened economy since two major events which have destabilized the country. It is about the fluctuation of the prices of oil and products of rent, the fall of the oil production in 1986 on the one hand, on the other hand, it is about the political shocks linked to the succession of the outgoing President M. Ahidjo by M.Paul Biya in 1987. This is the environment in which Cameroon has evolved without being able to recover completely today. Here comes the trend of the century: “entrepreneurship”. Thus, Entrepreneurship in Cameroon is presented as the solution in a saturated economy. She is presented as a creator of jobs in addition to economic activities. However, what is the degree of applicability of this question today in the socio-cultural, economic and political fields of Cameroon? Why is it struggling to develop? obstacles linked to the institutional environment In 2016, the National Institute of Statistics is said to have published a survey on obstacles to entrepreneurship. Taxation leads with just over 53%. Indeed, economic operators believe that taxation is the first obstacle in Cameroon to entrepreneurship. Without going into details, in particular flexible taxation at the level of individual companies unlike SARL, Cameroonians think more than 53% that, overall, the tax rules put in place today curb initiatives to create economical activities. Then the second obstacle with 34.2% would be “harassment with the officials of the town hall or the urban community”. Evoking this obstacle does not necessarily require having done the benches unlike the first. Thus, if touching the challenges of the tax system requires a minimum of mastery of it, the behavior and method of administrative agents does not require it. Therefore, most Africans raise this problem concerning administrative agents who would not be rigorous in their work. This manifests itself in a lack of professionalism, punctuality, seriousness. A whole package that can have an impact on the processing of the files in question and even afterwards.
Lack of funding: a real problem?
Funding ! This expression is on the lips of all entrepreneurs. It would not be easy for entrepreneurs to find financing, despite all the institutional or private financing plans that exist. This means that the question is quite different. Indeed, the real problem does not seem, in any case more, to be the lack of funding but access is said to be funding. In other words, all funding plans require conditions and procedures to be followed. For example, the basic document of an entrepreneurship project is the business plan. This document is requested during these funding plans and incubation programs. However, very often, candidates can have a good project but not present well-made files, which perfectly illustrate their understanding of their project.
It was then in 2016 that the project to promote entrepreneurship among young people in Cameroon was launched. This initiative is a response to all these hesitations of young people and support to overcome the apprehensions and all these obstacles mentioned above.
Read also: https://www.afrikatech.com/fr/entreprendre/entrepreneuriat-quand-le-cameroun-domine-le-monde/