Posts Tagged ‘Forbes’

Invest in Cameroon…Are you crazy?

Le Meridien Hotel, Douala.

Forbes’ Best Countries for Business list is out and Cameroon arrives at 137th place out of 141 countries ranked.

New Zealand the number one “Best Country for Business”, followed by Denmark, Hong Kong, Singapore, Canada, Ireland, Sweden, Norway, Finland and United Kingdom. The United States, with its “inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, sizable current account and budget deficits – including significant budget shortages for state governments – energy shortages, and stagnation of wages for lower-income families,” comes in at 12th place.

The countries at the bottom of this year’s list — the ten worst countries for doing business — are Cote d’Ivoire, Yemen, Mauritania, Ethiopia, Haiti, Cameroon, Venezuela, Zimbabwe, Chad and Guinea.

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