Page 246 - Atouts-Cameroun-2017
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246LES ATOUTS ECONOMIQUES DU CAMEROUNThis architecture establishes the function of state as main impulse and modeling point of an insti- tutional environment to attract private investment, the engine of growth.Readability of the charter was recently reinforced by the provisions of the new organization of the Government (Decree No. 2004/320 of 8th December 2004) creating a Ministry of Industry, Mines and technological Development, responsi- ble in particular for the development of natural resources and technological development strate- gies in different key sectors of the national eco- nomy (agro-industry, forestry and wood, mining, hydrocarbons, heavy industries, manufacturing, maintenance and industrial services).It is always worth stressing that Cameroon is Africa in miniature, is a good venture that is reflected in its enormous potential of abundant human resources characterized by their quality and skill, a socio-political environment known for its stability, peace, and where to live while inves- ting to create wealth.GROWTH RELAUNCHThe Government highly values the industrial sec- tor considered in the medium term as the real lever of growth for poverty reduction. For government, the ambition of a minimum annual growth rate of 6 to 7%, to halve poverty by 2035 cannot be achieved without increased contributions from industry and handmade pro- ducts services.Moreover, the development of the industry will have substantial ripple effects on agriculture and services, investment, exports of high value added products. This would also offer subcontracting opportunities in SME / SMI sector, favoring inter- industrial linkages and greater integration of the industrial fabric.Beyond the direct effect of creating jobs and income, the spillover effects on agriculture and services also contributes to improve the incomes of the poor.Faced with these prospects, we note that Cameroon has not negligible competitive advan- tages in the manufacturing industry, especially the geographical position of the country in the Gulf of Guinea in relation to a potential market of 200 mil- lion consumers in Central Africa, including Nigeria, the availability of different convertible raw materials and a skilled workforce and oppor- tunities for development of basic physical infrastruc- ture (hydro-electric potential, roads, telecommuni- cations, urban furnishings), financial, human and institutional resources dedicated to the industry.Despite these strengths, the performance of the industrial sector remain dependent, like the entire production system, on the absence or poor func- tioning of transport infrastructure, energy, tele- communications.Aware of these shortcomings and the potential of the industrial sector of the country, the govern- ment has begun supporting, complementingThe Government highly values the development of the industrial sector


































































































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