(Business in Cameroon) - On November 8, Cameroon’s Institute of statistics revealed in the quarterly national accounts that the overall investments in the country, boosted by the strong growth in public investments (42.8%), have increased by 12.6% during the second quarter of 2017.
“Public investments supported economic growth during the second quarter of 2017 after the decrease observed during the first quarter. Its contribution to the quarterly GDP is 1.8%; this helped sustain total investments’ growth”, the institute commented. It also revealed that this significant performance of public investments is due to the rapid development of major infrastructures projects in the public sector (stadiums, power plants, roads…).
Meanwhile, private sector experienced a negative growth (-3.3%), mainly, due to lesser demand in transport materials. The rise in investment in this sector is attributable to machinery, electrical appliances, furnitures, mainly, and to a smaller extend to construction.