(Business in Cameroon) – In Q1 2024, investment in Cameroon grew by a modest 1%, according to data from the National Institute of Statistics (INS). This shows a significant drop compared to the 9.8% growth recorded by the end of March 2023. Quarterly, there was a 2.4% decline, following a 3.4% rise in December 2023.
“The slowdown in investment is mainly due to a decline in private investments (-0.8%), which contrasts with the strong 9.9% increase in public investments,” the INS report explained. The drop in private investment is linked to lower demand for capital goods, particularly transportation equipment and materials like stone, glass, and cement.
However, despite this overall slowdown at the end of March 2024, the INS report highlighted strong investment activity in certain sectors, including the manufacturing of electrical machinery and appliances, furniture production, and the construction and public works (BTP) sector.
