While still behind larger regional markets, Cameroon’s economy is growing at an exponential rate, expected to catch up and potentially surpass other countries in the region. With this expansion, new opportunities are arising for international merchants:
● Internet users in Cameroon more than doubled between 2015 and 2020.
● The UN’s assessment of Africa’s e-marketing index classified Cameroon as the continent’s 10th-largest e-commerce nation. The country’s e-commerce business is already worth over 379 million USD and is projected to rise 17.6% annually.
● 84% Of Cameroon’s population have access to mobile phones. 88% of Cameroonians over the age of 15 frequently use Mobile Money Payment solutions in their day-to-day lives.
Cameroon is already one of the top-performing e-commerce markets in Central Africa, with the potential to become one of the most attractive markets on the entire continent.