Download logoCocoa farmers in Cameroon have struggled for years to contain outbreaks of capsid bugs. Cocoa is a cash crop, so production losses can have
(Business in Cameroon) - The Cameroonian Ministry of Economy currently seeks a consulting firm or a consortium for the assessment of the mid-term socio-economic impact of the Lom Pangar hydroelectric dam being built in Eastern Cameroon. In that regard, a call for expression of interests was recently published.
The hydroelectric dam is a strategic infrastructure for the Cameroonian electricity industry. It aims to regulate the flows upstream of the Sanaga River to guarantee the optimum operation of existing dams without additional investments. Also, by regulating the flows, the Lom Pangar dam will allow the construction of additional hydroelectric plants (like the 420 MW Nachtigal plant) on the Sanaga river that accounts for 75% of the country’s hydroelectric potential.
(Business in Cameroon) - The National Institute of Statistics (INS) recently published a note informing that Cameroon’s 2020 growth was 0.7%, down from the 3.7% growth recorded in 2019.
According to the INS, this performance recorded despite the coronavirus pandemic was spurred by the secondary sector (3.4%), which contributed 0.9% point to growth. In that sector, growth was driven by the building and public works segment, agri-food industries, and crude oil and gas extraction (1.3%).
The primary sector, whose annual growth in 2020 remained positive (1.1%), also contributed sufficiently to the resilience of the economy by contributing 0.2 points to growth, mainly thanks to food crops, it adds.
The institute explains that the tertiary sector has been the most affected by the pandemic. Its impacts are noticeable in almost all the segments, notably, the trade (-0.9%), transport and storage (-2.4%), hotels and restaurants (-16.3%). With such results, the tertiary sector was