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New York is still the world's leading financial center and home to many of the world's largest banks, insurance companies, hedge funds, credit rating agencies, and private equity firm. The comparison with Douala relates to the idea that Infrastructure is the basic physical and organisational structures and facilities required for the development of economies and societies. Infrastructure includes water and sanitation, electricity, transport (roads, railways and ports), irrigation and telecommunications. Infrastructure provides the material foundations for development. Investments in infrastructure tend to require very large and indivisible financial outlays and regular maintenance. These investments shape the evolution of cities, markets and economies for generations and lock in particular patterns of urbanisation and water and energy use.
"Cameroon’s position in the Gulf of Guinea makes it a vital player in Central Africa. With 10,050 miles of the border shared with Nigeria and multiple entry points into the Central African Republic, Chad, Equatorial Guinea, the Republic of Congo, and Gabon, it’s a gateway between Central and West Africa with goods going in every direction.
The seaports of Douala and Limbe are critical to Cameroon’s position, as well as the volume of trade the Kribi deep port is going to bring when it’s completed. The landlocked countries of the Central African Republic and Chad receive most of their imports through Douala, while Chad exports oil through the Cameroon-Chad Pipeline that runs across Cameroon. Wood from Gabon and the Republic of Congo are exported through Cameroon with consumer goods going in the opposite direction.
A key facilitator in trade between Central African countries is a network of roads that carry food and commodities from Cameroon to its neighbors. The Nigeria-Cameroon highway supplies the region, and in the north, Cameroon is in league with Nigeria, Chad, and Niger over trade in the Lake Chad Basin. Central African countries also share a common central bank in BEAC, and a common currency, the Central African Franc CFA. Cameroon is a member of OHADA, a legal framework to harmonize corporate law across Central and West Africa with the aim of facilitating trade between African states and attracting investment."
Sourceexportsnews.com/post/understa...
The 2021 Africa Cup of Nations would be played on Cameroonian soil! There's no better time than now to change the African narrative!! Cameroon is beautiful
People have different views as to what a developed place should look like.
To some, this is a slump. To others, This is the only home they've ever known.
These are just a few extracts of areas in Douala. Like, Subscribe and share!! I promise you a well deserved tour of Cameroon by air. more videos coming!
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We are simply trying to paint another perspective of Cameroon and Africa
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Salvation [Inspiring Uplifting Orchestra] by Ghostrifter Official / ghostrifter-of. .
Creative Commons - Attribution 3.0 Unported - CC BY 3.0
Free Download / Stream: bit.ly/salvation_
Music promoted by Audio Library • Salvation [Inspiring U...
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