The potential of the promising growth sectors is not optimized – Ngankam

The Cameroonian resident representative of the World Bank in Algeria since April 2013, Emmanuel Noubissie Ngankam, indicated that Cameroon does not pose as a threat to the bank due to the current oil crisis.

Speaking “on a personal note”, Ngankam made the statement during an interview with the government daily, Cameroon Tribune.

He urged, contrary to other countries in the sub-region whose revenue are primarily dependent on the oil windfall that, "Cameroon has the advantage of having a diversified economic base relatively, if we stick to the structure of GDP".

However, the former representative of the Friedrich Hebert Foundation in Cameroon and the first President of the Association of economic journalists of Cameroon (Krista), noted that "the potential of the promising sectors of growth is not optimized," in the country.

"I think particularly of the agricultural sector (23% of GDP) and especially the manufacturing industry which produces added value (less than 20% of GDP). The potential is there and the right questions should be asked," he said.

In addition, the former special advisor to the president of the Interpatronal Group of Cameroun (Gicam) said, "the processing of the products of the cru (agro-industry and the wood industry) and the tourism sector remain ‘fallow’ fields in Cameroon, a country whose productive sector is hampered by problems of electrical energy.”