logoBC
Yaoundé - 07 April 2020 -
Public management

Cameroon validates its 2020-2030 development strategy

Cameroon validates its 2020-2030 development strategy
  • Comments   -   Thursday, 23 January 2020 11:11

(Business in Cameroon) - In Cameroon, the Ministry of Economy informs that pending formal authorization for implementation, the government has validated its National Development Strategy for 2030.

According to this Strategy, Cameroon's ambition is to put in place conditions conducive to the accumulation of wealth and ensure that the structural changes necessary for industrialization are achieved. It will aim at raising GDP growth rate to around 7 to 8% on average over the 2020-2030 period; increase the growth rate of the non-oil secondary sector to around 8% and to reduce trade deficit from 8.8% in 2018 to around 3% of GDP in 2030.

The national development plan also aims to improve the living conditions of the population and their access to basic social services by ensuring a significant reduction in poverty and underemployment. Thus, it will try to reduce poverty rate from 37.5% in 2014 to less than 25% in 2030; reducing underemployment from 77% in 2014 to less than 50% in 2030, and raising the human capital index from 0.39% in 2018 to 0.55 as well as the human development index from 0.52 in 2016 to 0.70 in 2030.

SA

cameroon-government-to-involve-banks-in-the-collection-of-contributions-of-its-covid-19-solidarity-fund
In the coming days, banks will play an important role in the collection of financial contributions for the solidarity fund the Cameroonian government...
cameroon-government-plans-to-buy-back-total-s-4-shares-in-sonara
In Cameroon, the government promised to repurchase Total Outre-Mer S.A.’s shares in Sonara, according to a report published in September 2019, by the...
cameroon-60-34-of-business-leaders-claim-they-were-affected-by-the-increased-tax-burden-of-q3-2019-gicam
The Inter-Patronal Grouping of Cameroon (Gicam), recently published "Tableau de bord de l'économie," its profiling of the local economy, for the third...
face-masks-textile-operators-step-in-with-loincloth-reusable-masks-in-cameroon
In Cameroon, actors of the textile sectors have started manufacturing face masks with loincloths due to the scarcity that caused the price of masks to...

Mags frontpage


Business in Cameroon n85: March 2020

Minim Martap«It might be the best bauxite ever at the moment»


The necessary reform of Cameroonian public firms


Investir au Cameroun n95 Mars 2020

Minim Martap« Peut-être la meilleure bauxite au monde à ce jour »


La nécessaire réforme des entreprises publiques camerounaises