Page 255 - Atouts Economiques Cameroun-2019-GB
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                 After a 9.6% growth rate in the secondary sector in 2015, the year 2016 recorded 3.2%. Its contribution to real growth is 0.9 point and its weight in GDP is 24.5%. In 2017, growth in the sector would be 0.7%.
The government is taking action to strengthen the industrial fabric and improve industries’ contribu- tion to growth. These include:
n The promulgation in December 2016 of the new mining code;
n The appropriation of the new master plan for industrialization;
n An audit combined with a recovery plan of the National Investment Company.
INCREASING GROWTH
The government pays particular attention to the industrial sector which is seen to become in the medium term a real lever of growth for poverty reduction. For the authorities, the ambition of increasing annual growth rate by a minimum of 6 to 7% should halve poverty by 2035. This cannot be achieved without increased contribution from industry, services and cottage industry products.
In addition, developing the industry would significantly serve as an engine for agriculture and services, the investment of exports of high
value-added products. This would also offer sub- contracting opportunities to the SME / SMI sec- tor, promoting inter-industry linkages, as well as greater integration of the industrial fabric.
Beyond a direct job and income-creating impact, the knock-on effects on agriculture and services would also help improve the incomes of the poor.
Faced with these perspectives, Cameroon has significant competitive strengths in the manufactu- ring industry, in particular the country's privileged geographical position in the Gulf of Guinea in terms of a potential market of 200 million consu- mers in Central Africa, encompassing Nigeria; the availability of different processable raw materials, a qualified workforce and the possibilities of deve- loping a physical infrastructure base (hydro-electric potential, road network, telecommunications, urban development), financial, human and institu- tional infrastructures dedicated to the industry.
Despite these strengths, the industrial sector’s perfor- mance suffers, like the entire production system, from the absence or the malfunctioning of transport, energy and telecommunications infrastructures.
INDUSTRIAL SECTORS
MANUFACTURING INDUSTRIES
In 2016, the value added by the manufacturing industries increased by 4% against 3.1% in
INDUSTRY
LES ATOUTS ECONOMIQUES DU CAMEROUN
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