Cameroon, one of the biggest African countries and sharing borders with the likes of Nigeria, Chad, Equatorial Guinea, the Republic of Congo, and Gabon, has set the country up for a good source of income through the exporting of its products also.
As a Cameroonian, you should know that the greatest contributor to the economy of the country is the agricultural sector, the tourism sector, manufacturing, and services. If you would also then like to make money in your country and become a successful businessman, we have highlighted 7 of the most profitable business ideas to adopt.
1. Tea Production
Cameroon is recognized worldwide to be one of the largest cultivators of tea and if you can also tend to this business, with proper packaging and all, other parts of the world would be glad to have your products too. Think local tea sales, think exports, and think the rewards too. Read Also: Business Ideas & Investment Opportunities In Ghana
2. Livestock Farming
Even though you would have to sell mostly to those in your own locality, the livestock business is one of the best ventures for you. Most livestock rearers are found in the rural parts of Cameroon and the good news is, labor can be obtained cheaply, giving you less cost of production to worry about.
3. Food Processing Company
The food processing industry in Cameroon is not saturated yet and is still at the infancy stage, meaning you can still get in and gain a lot. The only problem that comes with food processing is that of the epileptic power supply but with the soil of Cameroon, there is enough and ample supply of raw materials (the food products) so you can make up for the costs lost for power.
4. Transport Business
Transportation is one of the main worries of residents of Cameroon and you could jump into this industry. Get buses, taxis, or any other form of a public source of transportation and charge generously. The returns on transport are very great and you should embrace it too.
5. Plastic Production
Even though they are one of the biggest exporters of a rubber products in Africa, Cameroon still does not have a good plan for manufacturing plastics themselves. You could draw a good plan and get suitable investors to start a rubber business yourself, reducing the number of plastic products imported and ruling the market.
6. Run a football Agency
If you are very conversant with football, you should know that Cameroon is one of the strongest African nations when it comes to the sport and they have a whole set of talents who are looking to play abroad. If you can get up a good football licensing agency, you could act as an agent to these players and get fees on their endorsements, signings, transfers and the likes.
7. Outdoor Catering
If you are a caterer and you live in Cameroon, what is stopping you from launching your own line of food catering services? Get in contact with people, network, and get clients that would help you grow your business. From as simple as a cocktail party, having a buffet or tea party to a grand ceremony, a caterer is indispensable.