The Entrepreneur - Cameroon's Premier Economic & Business Journal

Mount Cameroon Race of Hope 2012: Uneasy Wins on the Chariot of the Gods

By Stephen Njumbe Sako

The 2012 edition of the Mount Cameroon Race of Hope took place on Saturday, February 18, 2012 in the Southwest Regional headquarter of Buea. Athletes from the Northwest Region of Cameroon recorded significant victories occupying top positions. The take-off at 7 a.m. at the Buea Municipal Stadium was presided over by Mr Adoum Garoua, Cameroon’s Minister of Sports and Physical Education. Also present was a host of dignitaries and senior government officials. The theme for this year’s race was "Unity in Hope." About 572 athletes took part in the race with 22 foreigners representing 6 countries amongst which were Nigeria (11), Equatorial Guinea (1), Switzerland (1), France (2), Great Britain and U.S.A (6).

World Bank sees Cameroon's 2012 growth at 5.5 percent

By Tansa Musa and Bate Felix

Cameroon's economy is expected to grow by 5.5 percent in 2012 despite the Arab spring and a sovereign debt crisis that has hurt the European zone, the central African nation's most important export partner, a World Bank official said on Monday. Non-oil economic activities particularly growth in the primary and tertiary sectors, which helped Cameroon's economy grow in 2011 to 4.1 percent, will be the main drivers, World Bank's region lead economist Raju Jan Singh, told a news conference. Singh said the economic momentum observed in Cameroon, the Central African region's largest economy and gateway port, was expected to carry over into 2012 due to various infrastructure projects. "Furthermore, the trend in declining oil production is expected to reverse. As a result, Cameroon economic growth could amount to 5.5 percent in 2012," Singh said.

The Entrepreneur NewsOnline Book Club: Book of the Month for February, 2012

Africa Rising: How 900 Million African Consumers Offer More Than You Think
By Vijay Mahajan (Author) . Hardcover, 288 pages, Publisher: Pearson Prentice Hall, 2008, Language: English, ISBN-10: 0132339420, ISBN-13: 978-0132339421

The author recognizes that Africa is more than a hot continent full of corrupt officials, desert sands and teeming jungles. He dispels the myth that Africa is homogeneous and recognizes the various market strategies on the African Continent....This book should be required reading for anyone interested in doing business in Africa.....“This book lays out a powerful portrait of the growing opportunities in Africa. It is clear to us that any global firm interested in growth must see Africa as an essential part of its portfolio.” Neville Isdell, Chairman and Chief Executive Officer, The Coca-Cola Company, USA. ....“While we consider Africa one of our most important markets, we are very aware that it is often overlooked as a place to conduct sustainable business. This book shows that Africa offers opportunities equal to other developing regions that receive more attention. Through the Diageo Africa Business Reporting Awards, we have committed to promoting high-quality coverage of the business environment in Africa. This book makes an important contribution in providing a vivid picture of the African market opportunity.” Paul Walsh, Chief Executive Officer, Diageo, UK