(Business in Cameroon) – Cameroon’s secondary sector, which includes manufacturing and industry, grew by a modest 1.2% in 2024, the National Institute of Statistics (INS) reported in July. This growth was held back by an 8.5% drop in extractive industry activities, mainly driven by a slowdown in oil and gas production.
The decline in hydrocarbons, the backbone of Cameroon’s extractive sector, weighed on overall industrial growth despite strong performances in other areas such as construction, agribusiness, food processing, beverage production, grain milling, electricity generation, water supply, and sanitation.
The INS traced the downturn in the oil and gas sector back to 2023 and expects the contraction to continue through 2025. Government forecasts project crude oil output to fall to 19.81 million barrels in 2025, down from over 20 million tonnes in 2024.
BRM
