- Stanley Fongod
- 40 Transformative Policies
40 Transformative Policies for Cameroon
National SME Development Bank Act
Purpose: Support local businesses with accessible financing.
Policy Measures:
- Create a dedicated SME bank offering low-interest, long-term loans.
- Focus lending on startups, cooperatives, and informal businesses transitioning to formal status.
Impact: Boosts entrepreneurship, supports job creation, and expands the formal economy.
Public-Private Enterprise Zones Act
Purpose: Drive regional investment through collaborative development.
Policy Measures:
- Establish co-funded zones with infrastructure, services, and tax incentives.
- Streamline regulation and ease business registration in designated zones.
Impact: Attracts investment, decentralizes growth, and spurs local industrial development.
Youth Entrepreneurship Loan Guarantee Scheme
Purpose: Provide capital access for youth-led startups.
Policy Measures:
- Offer government-backed, low-interest startup loans to entrepreneurs under 35.
- Create youth-focused business support centers for mentorship and advisory services.
Impact: Encourages youth-led innovation and reduces unemployment.
Digital Economy Accelerator Program
Purpose: Build a thriving technology ecosystem.
Policy Measures:
- Set up incubators in major cities with seed funding, training, and networking.
- Facilitate international partnerships and market access for tech startups.
Impact: Builds a digital ecosystem that creates jobs and modern services.
National Trade Infrastructure Fund
Purpose: Improve transport and logistics for trade efficiency.
Policy Measures:
- Finance key transport corridors, warehouses, and freight terminals.
- Maintain national trade routes with annual budget allocations.
Impact: Lowers cost of doing business and improves market access.
Customs Modernization and Anti-Corruption Act
Purpose: Eliminate bottlenecks at borders.
Policy Measures:
- Digitize customs processes and enforce transparent timelines.
- Implement border time-tracking and whistleblower protection programs.
Impact: Increases trade efficiency and revenue collection.
Diaspora Microfinance Regulation Act
Purpose: Mobilize diaspora capital for structured development.
Policy Measures:
- Legalize and license diaspora-owned microfinance institutions.
- Ensure compliance with financial standards while reducing red tape.
Impact: Mobilizes remittances for structured, sustainable development.
Regional Trade Barrier Removal Directive
Purpose: Promote free movement of goods.
Policy Measures:
- Dismantle illegal checkpoints and tolls.
- Enforce open trade routes and penalize non-compliant authorities.
Impact: Strengthens national integration and reduces market fragmentation.
National Agricultural Cooperative Development Act
Purpose: Empower farmers through organized systems.
Policy Measures:
- Support formation of cooperatives with grants, training, and legal aid.
- Link cooperatives to finance and markets.
Impact: Enhances productivity and bargaining power.
Agro-Processing and Storage Investment Program
Purpose: Reduce post-harvest losses.
Policy Measures:
- Fund rural agro-processing centers and cold chain systems.
- Incentivize private investors in agricultural infrastructure.
Impact: Reduces waste, increases rural income, and boosts food security.
Export Hubs for Cocoa, Coffee, and Cotton
Purpose: Improve value chains for major exports.
Policy Measures:
- Establish dedicated export zones with quality control labs.
- Offer market access services and logistics support.
Impact: Improves quality, consistency, and global competitiveness.
Digital Land Registry and Access Act
Purpose: Resolve land disputes and attract investment.
Policy Measures:
- Build a transparent, digital land registration and verification system.
- Ensure public access to land ownership records.
Impact: Increases security, boosts agricultural and industrial investment.
Agro-Industrial Startup Tax Relief Act
Purpose: Encourage value-added agriculture.
Policy Measures:
- Offer 3–5 year tax holidays for agro-industrial startups.
- Prioritize enterprises in rural zones and food processing.
Impact: Stimulates rural industries and job creation.
Import Substitution Incentive Policy
Purpose: Reduce dependence on foreign goods.
Policy Measures:
- Offer tax breaks and grants for local production of essential goods.
- Enforce preference for local procurement in public tenders.
Impact: Builds domestic capacity and improves trade balance.
Industrial Parks with Shared Utilities Act
Purpose: Lower infrastructure barriers for manufacturing.
Policy Measures:
- Build state-supported parks with energy, logistics, and water systems.
- Provide land and regulatory support for tenants.
Impact: Reduces startup costs and encourages clustering of industries.
Mobile Payment Integration Act
Purpose: Improve efficiency of public payments.
Policy Measures:
- Enable tax, utility, and government payments via mobile money.
- Integrate systems across all ministries and services.
Impact: Increases convenience, compliance, and transparency.
National E-Procurement Platform Act
Purpose: Combat corruption and improve service delivery.
Policy Measures:
- Centralize public procurement on a digital, transparent platform.
- Mandate full disclosure of all awarded contracts.
Impact: Reduces corruption and speeds up infrastructure development.
Alternative Credit Scoring Act
Purpose: Expand access to finance.
Policy Measures:
- Use rent, utility bills, and mobile usage as part of credit evaluation.
- Partner with fintechs to pilot models in urban and rural zones.
Impact: Broadens financial access, especially for informal sector workers.
National Venture Capital Fund
Purpose: Support innovation through equity funding.
Policy Measures:
- Create a public-private venture capital fund for startups.
- Target high-growth, high-impact sectors like health, tech, and agriculture.
Impact: Stimulates innovation and supports job creation.
Movable Asset Collateral Reform Act
Purpose: Expand credit access beyond land ownership.
Policy Measures:
- Enable businesses to use equipment, inventory, or receivables as loan collateral.
- Create a national movable asset registry.
Impact: Expands access to credit for startups and SMEs.
Entrepreneurship Curriculum Reform Act
Purpose: Equip graduates for self-employment and innovation.
Policy Measures:
- Introduce entrepreneurship modules in all tertiary institutions.
- Partner with local entrepreneurs for mentorship and real-world training.
Impact: Equips graduates to create businesses rather than wait for jobs.
Youth Startup Tax Rebate Program
Purpose: Lower early costs for youth-led businesses.
Policy Measures:
- Offer tax exemptions and rebates for businesses led by individuals under 35.
- Tie incentives to job creation and business formalization.
Impact: Encourages early-stage growth and reinvestment.
Rural Broadband Expansion Act
Purpose: Close the digital divide across regions.
Policy Measures:
- Invest in fiber optics, 4G/5G, and satellite solutions for rural areas.
- Partner with telecom companies through public-private models.
Impact: Drives digital inclusion and economic participation.
National Workforce Reskilling Initiative
Purpose: Address unemployment and skill mismatch.
Policy Measures:
- Establish vocational and digital skills centers in all regions.
- Provide certification and placement support for retrained workers.
Impact: Increases employability and adaptability to market needs.
National Digital ID for Inclusion Act
Purpose: Enable full access to public and financial services.
Policy Measures:
- Deploy mobile-based, biometric ID linked to national systems.
- Integrate with banking, healthcare, and subsidy programs.
Impact: Unlocks access to banking, healthcare, and public services.
Fintech Rural Banking Partnership Program
Purpose: Extend banking services to underserved populations.
Policy Measures:
- Support fintechs delivering mobile banking to rural zones.
- Provide regulatory flexibility and initial capital grants.
Impact: Expands financial access and local entrepreneurship.
National Financial Literacy Campaign
Purpose: Cultivate a savings and investment culture.
Policy Measures:
- Launch school curricula and national media content on personal finance.
- Organize community workshops and digital finance education.
Impact: Builds a culture of saving and investment among citizens.
Public Budget Transparency Act
Purpose: Improve accountability in public finance.
Policy Measures:
- Launch real-time online dashboards for national and local budgets.
- Include project timelines, fund releases, and contractor data.
Impact: Enhances transparency and deters misuse of funds.
Strengthening Public Statistical Systems Act
Purpose: Ensure data-driven policy making.
Policy Measures:
- Fund national statistics offices with tools, training, and independence.
- Mandate periodic household, agricultural, and enterprise surveys.
Impact: Enables data-driven development decisions.
National Transport Infrastructure Audit Act
Purpose: Improve road management and accountability.
Policy Measures:
- Audit all existing roads and publish quality reports.
- Penalize contractors for poor delivery and delays.
Impact: Informs investments and curbs contract fraud.
Smart Fuel Subsidy Targeting Program
Purpose: Ensure subsidies help those who need them.
Policy Measures:
- Use national ID to identify and support low-income fuel users.
- Phase out blanket subsidies to reduce waste.
Impact: Saves public funds while protecting the vulnerable.
Diaspora Infrastructure Bond Program
Purpose: Tap into diaspora wealth for national development.
Policy Measures:
- Issue bonds specifically marketed to Cameroonians abroad.
- Use proceeds for roads, power, hospitals, and schools.
Impact: Raises capital while engaging the diaspora in nation-building.
Open Contracting and Anti-Corruption Act
Purpose: Promote integrity in public procurement.
Policy Measures:
- Require all public contracts to be published and traceable.
- Enforce competitive bidding and third-party monitoring.
Impact: Promotes integrity and efficiency in public spending.
Blockchain Government Records Act
Purpose: Secure and modernize public records.
Policy Measures:
- Store land, licensing, and procurement data on blockchain platforms.
- Make records tamper-proof and publicly verifiable.
Impact: Secures data and improves governance.
Inter-Municipal Public Service Standards Act
Purpose: Harmonize service delivery nationwide.
Policy Measures:
- Set national benchmarks for education, sanitation, and healthcare.
- Share tools and training across councils.
Impact: Improves delivery and reduces duplication of efforts.
Land Rights Equality for Women Act
Purpose: Strengthen rural women’s economic power.
Policy Measures:
- Guarantee legal land ownership and inheritance rights for women.
- Promote joint land titles for married couples.
Impact: Increases productivity and reduces rural poverty.
National Social Registry Digitization Act
Purpose: Improve aid targeting and reduce political bias.
Policy Measures:
- Create a centralized, biometric digital registry for social welfare.
- Link to ID, income, and location data for better targeting.
Impact: Delivers aid more effectively to those who need it.
National Energy Efficiency Standards Act
Purpose: Cut costs and reduce waste.
Policy Measures:
- Mandate efficiency ratings for appliances, buildings, and factories.
- Incentivize adoption through tax and procurement policies.
Impact: Lowers national energy demand and utility costs.
Off-Grid Renewable Energy Expansion Program
Purpose: Electrify underserved communities.
Policy Measures:
- Fund solar, hydro, and biomass mini-grids for rural areas.
- Provide grants and low-interest loans to private operators.
Impact: Increases electrification and supports rural industries.
“Made in Cameroon” National Branding Policy
Purpose: Boost domestic industry and consumer trust.
Policy Measures:
- Create a national certification for quality local products.
- Run campaigns promoting Cameroonian goods and services.
Impact: Boosts local industry and consumer confidence.