Cameroon and Bhutan recently received an award as top economic reformers at the 2016 world investment forum held in Nairobi Kenya.This forum recognises Cameroon’s efforts for making it easier for entrepreneurs to register their businesses and comply with laws and regulations.
— UNCTAD (@UNCTAD) July 22, 2016
The world investment forum , is a joint initiative of the Global Entrepreneurship Research Network and the U.S Department of state.
Global Entrepreneurship Research Network was Founded by the Kauffman Foundation, Endeavor Insight and the World Bank. The Global Entrepreneurship Research Network (GERN) is a collaboration among the leading organizations that fund and conduct entrepreneurship research.
GERN is part of the Global Entrepreneurship Network (GEN), a collection of entrepreneurial support programs and initiatives operating in 160 countries comprised of entrepreneurs, investors, researchers, and policymakers intent upon setting their economies on growth-oriented trajectories through entrepreneurship.
A study by the Global Entrepreneurship Research Network says Cameroon emerged first out of the 17 members of the Organization for Harmonization of Business Law in Africa for its mybusiness.cm platform which makes it possible for companies to register their businesses online through one single form and payment.
The Global Entrepreneurship Research Network was created to simplify administrative procedures worldwide from business registration to its setting up.
Currently, only 29 countries have a single window while 130 countries have information portals. The foundation is encouraging all countries to put their businesses processes online by 2019.
With this Top Economic Reformers award, we don’t think it will be biased to say Cameroon is slowly but surely working towards achieving its vision 2035 goal. Though there are still so many loopholes to be filled.