Sun. Jun 16th, 2019

CAPAM

CAPAM has become a machinery with an important asset base in expertise, mastery of realities on the field, human, material
and financial resources, relevance of the operating mechanism, trust in investors and mining operators, established
partnerships.

The draft decree transforming CAPAM into a Mining Activities Support and Promotion Centre has been validated by the
Minister in charge of Mines, the Prime Minister, Head of Government and is awaiting approval by the Head of State.

The second phase of the programme aims at consolidating and further developing all these achievements.

The setting up of CAPAM was prompted by the following observations:

• Available investment following interest in Cameroon’s mining potential. The need to continue promoting and upgrading
this potential;

• Poverty, an essential economic potential for available investment; the need to bridge the poverty gap with relevant
micro projects, projects, mechanisms and programmes which have positive and quantifiable impacts on poverty alleviation and
growth;

• Easing the relationship between the potential that is worth interest and available investment. The need for Cameroon to
master national and international financial engineering circuits in order to raise funding and value its potential which is
worth interest;
• Production drive to the detriment of consumption drive in local communities. The need to ease the popularisation of
this drive;

• Current deficit in upgrading the known mining potential of Cameroon. The need to upgrade recognised types of mining
potentials in each of the 371 Sub-Divisions of the country. They include precious substances; base metals; energy
substances; industrial minerals; building, development and decorative materials and water resources.

• More than 50% of the country is unknown in terms of mineral and geological information; it is important to improve
mineral and geological information by discovering new mineral targets;

• The need for Cameroon to concretely implement the Growth and Employment Strategy Paper (GESP);

• The need for the country to increase its growth rate to double digits;

• The need for Cameroon to attain its emergence goal by 2035 from current actions;

• The need for the population and communities to become local engines of wealth production, to increase and diversify
national production in view of contributing significantly to the Gross Domestic Product;

• The need for Cameroon to secure its mining products in order to obtain national statistics and contribute towards
growth, and also provide security for mining sites and stakeholders;

• The need to better upgrade and process national products locally in order to add their value, revitalise the country’s
industrial fabric, strengthen the technical and technological capacities of local stakeholders, and diversify trades for
local human resources with strengthened capacities:

• The need for connection and harmonious synergy between small and large enterprises in general, as well as small and
industrial mines;

• The need for Cameroon to have a coherent and relevant programme with production being its source of growth, which
includes not only production activities but also all socio-economic aspects that contribute towards improving the living
conditions of the people concerned including related infrastructures;

• Within the framework of the implementation of the decentralisation and balanced development policy in all the
localities of the country, the need to have a program that develops specific potentialities of each of its 371 Sub-
Divisions;

• The need to put in place and implement a self-reliant development mechanism which is based primarily on the
entrepreneurial skills of the local population with possible contribution from partners;

• The need for the State of Cameroon to be the central driving force for the country’s production and economic growth.
The State should be part of a mining and socio-economic holding company with prospects of having subsidiary companies in
each of its Sub-Divisions;

• The need to have a national centre of expertise whose role is to boost socio-economic development in the Sub-
Divisions;

• The need to henceforth give priority to the performance of appointed officials;

• The need to put in place a programme mechanism that will ease access of youths of all ages, sexes, levels of education
to become either individually or collectively entrepreneur-producer as opposed to the prevailing employee-consumer habit.

All these needs justify the “Mining Activity Development Support (CAPAM)” programme designed to satisfy the concerns listed
above and to constitute an integrated development model which not only includes other sectors of the economy but can also
be applied to them.

For more information, go to the CAPAM website: www.capam.cm

Location:

CAPAM

NGOUSSO behind Hôtel le Paradis

P.O.B. 15620

Yaounde – Cameroon