Cameroon, a relatively small and mature oil producer, where oil production is declining with depleting reserves, seems to be relying on alternative sources of revenue to marshal its economic grwoth. Following recent measures taken by the authorities to stimulate domestic production, real GDP growth in 2010 is estimated to have reached 3.2 percent, compared to 2 percent in 2009. Most of this recovery was driven by the tertiary sector, which accounted for more than half of the estimated growth. The sector benefitted from a pick-up in timber-related transport and continued strong activities in mobile telephony stemming from a greater use of fiber optic and the roll-out of new products...More
© The Entrepreneur Newspaper 2011. All Rights Reserved
Comments