Ambassador Lamora recently addressed the launch of the American Chamber of Commerce's Emerging Technologies Committee. The event aimed to foster dialogue on fintech, a sector with significant potential for both U.S. and Cameroonian businesses.
The ambassador expressed gratitude to AmCham members Laure and Ezechiel for organizing the event and emphasized the necessity of emerging technologies in today's interconnected world. "New technologies, from artificial intelligence to open banking, have the power to radically change the way we interact with one another personally and professionally," he stated.
Lamora highlighted how these technologies could help economies thrive, particularly in regions previously excluded from global markets. He illustrated this with an example: "Imagine a young farmer —let’s call her Amina— who used to struggle with middlemen and limited market access." With mobile banking and blockchain platforms, Amina can now sell directly to buyers across Cameroon.
While acknowledging the benefits of these technologies, Lamora also noted their complexities and potential misuse. He stressed the importance of regulation, smart investments, and trusted partnerships: "A balanced approach —one that fosters innovation while safeguarding our interests — is key."
Lamora pointed out that many Cameroonians lack reliable internet access but mentioned that U.S. companies could assist by expanding services like satellite broadband. He expressed hope that the new committee would become a hub for critical discussions on these issues.
The U.S. Embassy has supported technological innovation in Cameroon by connecting entrepreneurs with opportunities to grow their businesses. Lamora noted partnerships with organizations like BEAC and companies such as Azamra as examples of collaboration between U.S. expertise and local needs.
He referenced an executive order signed by President Trump reinforcing U.S. commitment to innovation in emerging technologies, underscoring America's focus on research and investment.
Drawing from his experience in Africa, Lamora praised Cameroon's ingenuity: "It’s said that 'Impossible n’est pas camerounais.' And it’s true." He concluded by emphasizing the potential of emerging technologies as a bridge for success stories like Amina's across Cameroon.
Emerging technologies offer significant opportunities for both nations, according to Lamora, who remains optimistic about future collaborations facilitated by groups like AmCham.