I have recently read a great brochure on investment in Cameroon 2012 by Jeune Afrique, and I wanted to share the findings with you. Here they are.
Economic powerhouse of Francophone Central Africa, and accounting for half of its population, Cameroon is strategically positioned with its Atlantic coast, its borders with six major countries and its natural situation on the borders of Western Africa and Southern Africa.
Vast country, stretching from the Atlantic coast, not far from the equator to the heart of the African continent, towards Lake Chad. It offers a wide variety of landscapes and climates, many forests, mineral resources in quantity (52 minerals) and 7.2 million hectares of arable land (10% of total 54 African countries).
Determined to attract foreign investors, Cameroon offers a political and economic stability, many natural and human resources, and a great development ambition.
Here are sector by sector the key statistics of Cameroon:
- A robust and mature economy
- A large market
- A well-trained and bilingual youth
- A solid network of business
- A favorable business environment
The service sector represents 51% of GDP and 85% of companies. The ambitions of the economic development of Cameroon promise a strong development, especially in distribution and trade, transportation and tourism.
In manufacturing and mining
Manufacturing and mining represent the secondary sector and account for 22% of GDP, and it is changing rapidly. Very dynamic, BTP achieved annual growth of 12.5%. Gas and its transformation, and the exploration and mining industry offer many opportunities.
Large producer of cocoa, wood, rubber, banana, coffee, tea and cotton, Cameroon accounts for 27% of its GDP through the primary sector, which has several strengths. Three quarters of the arable lands are available for new crops and food industries are in short supply.