Cameroon: The Digital Economy: Innovation, Growth and Social Prosperity

cameroon digital economy|Start Business in Cameroon|Digital Legislation
Cameroon: The Digital Economy: Innovation

Today i started a series of articles on the digital economy and what Cameroon Government and Cameroonians in particular have to do to move from an Analog Economy to a Digital Economy.

Digital innovations are remaking our industries, economy, and society just as steam, electricity, and internal combustion did before them. Like their predecessors, computers and their kin are engines of great prosperity. Progress with hardware, software, and networks is improving our lives in countless ways and creating immense value. To take just a few examples, advances in artificial intelligence are helping doctors diagnose disease; new sensors are making it possible to drive cars more safely; digitization is delivering knowledge and entertainment more widely than ever; and mobile networks are interconnecting the planet’s population for the first time ever. The digital revolution is the best economic news on the planet. The digital revolution is responsible for a whole raft of new opportunities and over the years to come will be one of the strongest drivers for growth, jobs and well-being.

Our country needs to grasp these opportunities with both hands.

I will identify some action plans, which outlines the digital short-term as well as long-term vision for our country and translates this into clear ambitions. On the basis of five clear, specific priorities we would put Cameroon more firmly on the digital world.

I will identify some action plans, which outlines the digital short-term as well as long-term vision for our country and translates this into clear ambitions. On the basis of five clear, specific priorities we would put Cameroon more firmly on the digital world.

This plans if bought by businessmen, councils, the government and stakeholders, then by 2025 it must be possible for Cameroon to have created 1,000 new start-ups and the digital revolution will deliver 50,000 news jobs in a variety of sectors.

It must be stated clearly that tomorrow’s network economy can’t be entrapped in yesterday’s structures, so in order for this plans to be successful, we must work together and share our know-how.

Below is our five major priorities :

  1. Digital Economy
  2. Digital Infrastructure
  3. Digital Skills and Jobs
  4. Digital Government
  5. Digital Confidence and Digital Security
  6. Digital Economy

Records have shown that, over the next few years digital innovations will be responsible for creating five new jobs for every two that disappear. Digitalisation encourages people to be entrepreneurial and brings new players into the field. The result is more robust competition, more innovation and increased quality of service.

1. Focus on start-ups

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Start-ups are the backbone of the digital economy. The digital giants of tomorrow are born today. Although a lot of money in Cameroon is being put into savings accounts/loans to multi-national companies, promising start-ups find it difficult to attract capital to finance their growth. So hey collapse few years after their launch. Platforms must be created for start-up plan to secure loans with low interest rates or investment from individuals and businessmen.

2. Digital-friendly legislation

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Still too many barriers in terms of legislation stand in the way of companies and consumers making the transition to the digital world. These barriers need to be removed.  So we call on business leaders to develop new innovative organizational models and approaches that not only enhance productivity and generate wealth but also create broad-based opportunity.

3. E-Commerce Platform

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The Cameroon e-commerce sector needs to take every opportunity to make up for the shortfall compared to other countries like Kenya, Uganda and Nigeria. Cameroonians need to be able to securely declare their monthly tax online with a secure online payment systems. An initial specific initiative for e-commerce involves making night-time work possible, online payment possible, online shopping and billing. Effort is been made by the telecom to provide mobile payment but truly we are just 30% gone into online payment.

4. E-invoicing

The government must make electronic invoicing a systematic obligation for its suppliers. This will have a multiplier effect; other companies will take their lead from the government. Businesses, which invoice electronically, actually have a competitive advantage internationally. For citizens who want it, paper-based communication will continue to be possible.

5. E-Signature & E-Archiving

Government must create a cohesive framework for using electronic signature, the electronically recorder delivery and a number of trust services such as electronic seals, timestamps or web site authentication. By incorporating the required guarantees about the identity and the reliability of parties, we ensure that citizens and businesses have complete confidence in online transactions.

6. Digital Health Valley

Government must support start-ups carrying out innovations in the health sector. We must digitized our health sector as this provides important advantages both for patients, health care practitioners and the health economy. Patients are able to monitor their health more effectively, doctors can work more effectively and development of innovative care applications is given a boost.

Next week, I will release another articles on the Digital Infrastructure and the role it will play towards Cameroon Emergence.

 



By: Constantine N. Mbufung
Web Creative Officer Yoomee Cameroon www.yoomee.cm
CEO & Founder Next Generation Technology Group  www.nexgentechgroup.org

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