Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
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The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Cameroon - Adopts Mining Code 2023 mandating State participation in various mining activities
Cameroon
Adopts Mining Code 2023 mandating State participation in various mining activities
19 Dec 2023On 19 December 2023, Cameroon adopted a new mining code, Law No. 2023/014 of 19 December 2023. The new Code introduces several changes with implications for investment, including the following: • It mandates the National Mining Corporation (SONAMINES) inter alia to acquire shares in companies engaged in various mining activities, ranging from exploration and exploitation to financial transactions. Also, it gives SONAMINES exclusive rights to purchase and market gold and diamonds in Cameroon. • It mandates State participation in the share capital of companies that are involved in both small-scale and industrial mining. The State’s participation will be up to 10% of the total shares and the State will be entitled to these shares free of charge. Importantly, these shares will not be diluted should the share capital increase. • It establishes conditions for sharing production between the State and the mining permit applicant.
The new Code also establishes three mining funds, namely (i) the Mining Sector Development Fund, which is aimed at financing inventory activities for detecting minerals and other mining and geological activities, (ii) the Mining Site and Quarry Restoration, Rehabilitation and Closure Fund, designed to finance the implementation of environmental conservation and rehabilitation programmes following mining activities, which are known for their significant environmental impacts, and (iii) the Special Local Capacity Building Account, primarily aimed at financing Cameroon’s economic, social, cultural, and technological development by developing local enterprises
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Type:
- Entry and establishment (Ownership and control)
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Industry:
- Primary (Mining and quarrying)
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Sources:
- Government Portal, Cameroon Mining Code, Law No. 2023/014 of 19 December 2023., https://www.minmidt.cm/wp-content/uploads/2018/01/Law-No.-2023-014-of-19-December-2023-relating-to-the-Mining-Code_compressed.pdf, 19 Dec 2023
- Pinsent Masons, Cameroon’s new mining code: financing and state powers, https://www.pinsentmasons.com/out-law/analysis/cameroon-new-mining-code-financing-state-powers, 23 May 2024
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
-
The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.