“Your Port of Entry in Commerce for Africa, TURCAMHALL"

WHY AFRICA?

Africa is the strategic partner of the future!

The main reason Turkey has not been affected deeply by the global crisis of 2008 is her exports to Africa. Exports to Africa which was $ 5.9 billion in 2007 has reached $ 10.3 billion in 2011.

Industry in this continent, which consists of 53 countries is almost non-existent. Therefore, it lies heavily on imports, nearly all materials being imported.

In the sub-Saharan region, consumer spendings have gone up 4 % annually, reaching $ 600 million in 2010. This figure is expected to reach $ 1 trillion by 2020.

The reasons for this fast growth is threefold:
  • A population expected to reach 2 billion by 2020
  • Declining poverty
  • Fast urbanization

Three new trends make the African consumer more accessible and increase consumer spending:

  • Wide usage of mobile technology
  • A healthier business environment
  • Deacrease in commercial barriers

ASome economic indicators clarly Show the future of this continent:

  • 6 of the 10 fastest growing economies in the World are in Africa
  • Growing faster than OECD Countries Latin America, Eastern Europe and the Middle East
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WHY CAMEROON?

Cameroon is Africa in miniature!

Cameroon, a strategic country among Central African countries and having considerable
land and mining resources has an agrarian economy. Aiming to be a leading force
in the region by 2035, various infrastructure projects are under way.

Among these projects are roads, dams, hydroelectric power plants,
drinking water network, housing projects and public buildings.
The mining industry is also under serious development.

Cameroon, the founding partner of CEMAC (Economic Community of Central African States)
also heads the Political, Economic, Monetary and Financial Board of the Community.

Cameroon, trying to form a common market, together with Equatorian Guinea, Chad,
Central African Republic, Gabon and Congo also has the only port in the region, connecting
the above countries to the rest of the World. A serious source of hydroelectric power in the
region, bilateral talks are under way for Cameroon to enter ECOWAS.
(Economic Community for West African States)

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NEWS FROM TURCAM