ECONOMY
Industry:
Industry accounted for 31% of GDP in 2001. Considerable advances in industrial development have been made in recent years, mostly in the south. Cameroon's first oil refinery opened at Limbé in May 1981. Since then, oil production has gained paramount importance for the country. Cameroon is sub-Saharan Africa's fifth largest oil producer. The government, once a large shareholder in many industries, including aluminum, wood pulp, and oil refining, now advocates privatization.
The government reported an annual growth of 8.2% in the manufacturing sector for 1998. Exports of logs and rubber were down 50% in 1998, partly because of tightening logging restrictions. There is a rubber factory in the Dizangué region, and about 20 large sawmills and five plywood factories and lumber mills.
The $3.7-billion Chad-Cameroon oil pipeline, with estimated production at 225,000 barrels per day, was due to be completed in 2004. Although Cameroon's oil production was expected to decline in 2003 (crude oil production was 76,600 barrels per day in 2001, down from 84,000 barrels per day in 2000) as older oil fields become exhausted and fewer new discoveries are made, the position of Kribi as the end point on the pipeline and Cameroon's refinery capacity could turn the nation into a major oil transport center.
The government-controlled Sonara (Société Nationale de Raffinage) oil refinery in Limbe produces 42,000 barrels per day. In October 2002, the International Court of Justice ruled in Cameroon's favor in a border dispute with Nigeria over the Bakassi Peninsula. Cameroon now has sovereignty over the peninsula, which is located in the Gulf of Guinea and is believed to contain significant oil reserves. Large-scale exploration and exploitation of the Bakassi reserves is expected to compensate for the decline in Cameroon's other reserves.
Agriculture:
In 2001, agriculture contributed 43% to GDP. Agricultural development and productivity declined from neglect during the oil boom years of the early 1980s. Agriculture was the principal occupation of 62% of the economically active population in 1999, although only about 15% of the land was arable. The most important cash crops are cocoa, coffee, cotton, bananas, rubber, palm oil and kernels, and peanuts.
The main food crops are plantains, cassava, corn, millet, and sugarcane. Palm oil production has shown signs of strength, but the product is not marketed internationally. Cameroon bananas are sold internationally, and the sector was reorganized and privatized in 1987. Similarly, rubber output has grown in spite of Asian competition.
Cameroon is among the world's largest cocoa producers; 150,000 tons of cocoa beans were produced in 1999. Two types of coffee, robusta and arabica, are grown; production was 90,000 tons in 2001–2002. About 85,000 hectares (210,000 acres) are allocated to cotton plantations. Some cotton is exported, while the remainder is processed by local textile plants. Total cotton output was 79,000 tons in 1999.
Bananas are grown mainly in the southwest; 1999 estimated production was 990,000 tons. The output of rubber, also grown in the southwest, was 54,000 tons in 1999. Estimated production in 1999 of palm kernels and oil was 58,000 and 160,000 tons, respectively. For peanuts (in the shell) the figure was 170,000 tons. Small amounts of tobacco, tea, and pineapples are also grown.
Research & Development:
Cameroon Research and Development signifies largely to the scientific and technological innovations taking place in the country. With science finding new routes for its growth in Cameroon, the sphere of research and development is rapidly expanding. An integral aspect of science and technology in the country, Cameroon research and development serves as an indicator of the progress of the country in these areas.
For scientific research in Cameroon, the country possesses various universities and research institutes which deal with research in a wide array of fields like physiology, botany, sociology, biology, entomology, hydrology, demography, archeology, nutrition, geography etc. The apex research institute in Cameroon is the French Institute of Scientific Research for Cooperative Development, situated in the capital, Yaounde.
Various universities in Cameroon like those of Buea, Yaounde and Douala comprise faculties of science where research and development is carried on. Research in agricultural sciences also forms a principal part of research in Cameroon. Policies and programs related to research and development in Cameroon are formed by Ministry of Higher Education and Scientific Research.