By Gerald Ngeh
Professor Fuh Calistus Gentry, Minister of Mines, Industry, and Technological Development, met with Dr. Rosalia Arteaga, former President of Ecuador, to discuss ways to boost Cameroon’s economic growth. The meeting, held on June 18, focused on industrial development, mining, and technological advancement.
*Key Discussion Points*
– *Industrial Zone Development*: The Minister highlighted government initiatives to develop industrial zones and ensure regulatory compliance of existing industries.
– *Mining Sector Modernization*: Innovative projects to modernize the mining sector, diversify revenue sources, and boost economic growth were discussed.
– *Showcasing Cameroon’s Economic Potential*: The Minister presented Cameroon’s economic assets, emphasizing its status as a prime destination for new investors in both mining and industry.
*Commitment to Technological Advancement*
Professor Fuh Calistus Gentry reaffirmed his dedication to serving Cameroon, as entrusted by President Paul Biya. He aims to connect Cameroon to leading nations in technological development, driving the country’s progress.
*Investment Opportunities*
Cameroon offers attractive investment opportunities in mining and industry, with the government working to
– *Enhance Value of Local Resources*: Increase the value of local resources through industrialization and value-added production.
– *Diversify Revenue Sources*: Reduce dependence on traditional revenue sources by promoting diversification in the mining and industrial sectors.
– *Promote Economic Growth*: Foster economic growth through strategic investments in key sectors.
*Ministerial Efforts*
Under Professor Gentry’s leadership, the Ministry of Mines, Industry, and Technological Development is working to:
– *Develop Industrial Policies*: Formulate and implement policies to promote industrial development and technological advancement.
– *Regulate Mining Activities*: Ensure compliance with mining regulations and promote responsible mining practices.
– *Foster Partnerships*: Encourage partnerships between local and foreign investors to drive economic growth.
The meeting with Dr. Arteaga underscores Cameroon’s commitment to attracting foreign investment and promoting economic development. With its rich natural resources and strategic location, Cameroon is poised to become a hub for investment in Central Africa.