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Cameroon Infrastructure Report Q3 2012
Business Monitor International, June 2012, Pages: 53
The Cameroon Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Cameroon's infrastructure industry.
BMI View: With the government currently prioritising infrastructure investment as part of a ten-year economic plan, we see Cameroon as one of the most prospective markets in West Africa for infrastructure investments along with Ghana. With oil prices forecasted to be the highest in recent years the government will have the funds to set in motion its ambitious infrastructure plan. Chinese funding will remain dominant for mega-projects, though smaller multilateral assistance is also accelerating projects, especially in power.
The key factors driving our optimistic outlook are:
- The cabinet has identified infrastructure expenditure as a key policy area. The government's policy is based on meeting targets outlined in the 'Growth and Employment Strategy' which aims to average 5.5% GDP growth per year over the 2010-2020 period, as well as cutting poverty rates from 39.9% to less than 28%. This government strategy has seen the commencement and acceleration of major infrastructure projects, including the Lom Pangar and Memve'ele dams as well as the Kribi deep sea port.
- Power projects have dominated developments in infrastructure over the first quarter of 2012, with three power projects moving through the development phases.
- A first XFO10bn (US$20mn) infrastructure-bond issued in February 2012 was oversubscribed according to the finance ministry, which is planning to issue a total of XFO285bn (US$557mn) worth of treasury bonds in 2012 to fund projects in infrastructure.
- An upward revision in the historical data for the construction industry value in Cameroon has taken our forecasts slightly higher for 2012, from XOF458bn (US$940mn) to XOF501bn (US$985mn).
- Following the October 2011 elections that saw incumbent President Biya re-elected for another seven-year term, we anticipate that his government’s infrastructure-geared economic plan will proceed at a rapid pace. As such, our forecasts to 2015 reflect a period of high growth for Cameroon’s construction sector.
BMI Industry View 5
SWOT Analysis 6
Cameroon Infrastructure SWOT 6
Market Overview 7
West Africa Competitive Landscape 7
Table: Domicile and Number of Contractors In West Africa, 2011 7
Building Materials 11
Global Overview 11
Cement Forecasts 18
Table: Cameroon Cement Production and Consumption Data, 2008 - 2016 18
Table: Cameroon Cement Production and Consumption Long Term Forecasts, 2013 - 2021 18
Industry Forecast Scenario 19
Table: Cameroon Construction And Infrastructure Industry Data, 2008 - 2016 19
Table: Cameroon Construction And Infrastructure Long Term Forecasts, 2013 - 2021 20
Construction and Infrastructure Forecast Scenario 20
Transport Infrastructure 24
Regional Transport Infrastructure Outlook And Overview 24
Major Projects Table – Transport 26
Table: Largest Transport Infrastructure Projects in West Africa 26
Energy And Utilities Infrastructure 27
Regional Energy And Utilities Infrastructure Outlook And Overview 27
Residential/Non-Residential Construction and Social Infrastructure 30
Regional Residential/Non Residential Building Outlook And Overview 30
Risk/Reward Ratings 35
Cameroon’s Risk/Reward Ratings 35
Regional Overview 35
Table: Regional Infrastructure Risk/Reward Ratings 36
Global Overview 40
Industry Forecasts 47
Construction Industry 48
Data Methodology 48
New Infrastructure Data Sub-sectors 48
Capital Investment 50
Construction Sector Employment 51
Infrastructure Business Environment Rating 51
Table: Infrastructure Business Environment Indicators 52