Friday, February fourteenth, the UN says at least 22 people have been killed in a village in the Northwest region of Cameroon. Over half of those killed were children. No one has claimed responsibility for Friday’s incident but the opposition parties blame the killing on the government.
Tony Elumelu: "Cameroon is indeed a great place to invest"
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| Tony Elumelu, Group Chairmna, Union Bank for Africa. |
"As the Chairman of United Bank for Africa with
presence in 19 African countries and founder of the Tony Elumelu Foundation, it
is a pleasure to discuss how to attract and deepen investment in the Republic
of Cameroon.
It is not only a good time for Cameroon to be having this
conversation, it is indeed a smart time to be having it. The giant economies of
Africa like South Africa, Nigeria, Angola are dealing with some economic
challenges.
Foresight and
fore planning help countries to manage their economies better. As a long time
banker and entrepreneur, I have learnt how to spot a good investment and I am
pleased to affirm to investors that Cameroon is indeed a great place to invest.
I speak from experience. UBA serves over 11 million customers in 19 African countries
including Cameroon. I started operations in this country in 2008. We have been
here ever since. Cameroon was the second country we came to and the first in
Francophone Africa.
In the short time
that we operated in Cameroon, UBA has been making a positive impact in the
communities we serve and the country as a whole. Through our many branches, we
are able to create employment not only by lending to customers but also by
hiring Cameroonian citizens to help run some of our various operations both within
and without.
UBA has been able to leverage her foot in Cameroon to recruit and
deploy Cameroonians to serve at senior levels in other subsidiaries.
My experience
operating 14 branches in Cameroon shows that we have good human capital in
Cameroon. We have had to export three people as Chiefs Executive
Officers."
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