logoBC
Yaoundé - 19 April 2024 -
Construction

Cameroon : Average growth in the construction sector to be 7.4% till 2028 (Sika group)

Cameroon : Average growth in the construction sector to be 7.4% till 2028 (Sika group)
  • Comments   -   Friday, 06 September 2019 14:36

(Business in Cameroon) - Till 2028, the Cameroonian construction sector’s yearly average growth should be 7.4%, Swiss Sika group indicates quoting official sources. With such growth, the country’s construction sector will be the most dynamic in West and Central African regions, Sika group adds.

Let’s note that in Cameroon, since the early 2000s, the construction sector has been growing steadily. According to a report published by consulting cabinet Acaexpertise, “growth rate in the Cameroonian construction sector went from 2.1% in 2000 to 9.6% in 2011.”  

During the same period, the sector’s contribution to GDP nearly doubled rising from 2.77% to 5.3%. The turnover of companies operating in that sector grew from XAF569 billion in 2000, to XAF1,030 billion in 2011, Acaexpertise explained.

Ivo Schädler, director of Sika group for the MENA region, indicates that this growth in Africa in general and Cameroon, in particular, is “fueled by strong demographic growth, combined with urbanization trends.

Brice R. Mbodiam

cameroon-investment-forum-2024-focuses-on-import-substitution-policies-and-private-sector-concerns
The fourth edition of the Cameroon Investment Forum (CIF), organized by the Investment Promotion Agency (API), kicked off on April 17 in Douala, the...
market-cap-bvmac-still-below-targets-despite-near-37-surge-in-2023
The most recent Monetary Policy Report from the Central Bank of Central African States (BEAC), released in March 2024, indicates a substantial surge in...
yaounde-municipality-cracks-down-on-unauthorized-ads-demands-fees
The Urban Community of Yaoundé (CUY) has been demanding nearly CFA4 billion since 2020 from businesses, including SMEs and multinationals, for the use of...
nigerian-travel-platform-wakanow-com-expands-operations-to-cameroon
Nigerian travel service Wakanow.com announced on Wednesday its launch in Cameroon. "Our entry into Cameroon is more than just business expansion; it...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »