Macroeconomics: Cameroon Aims for 5% Growth Rate by 2029
Cameroon is targeting a 5% growth rate by 2029, with a gradual acceleration. This strategy relies on the non-petroleum sector and investments in agriculture.
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The quantitative target represents a rebound of 1.4 percentage points compared to the performance recorded in 2025 and surpasses the 3.7% projected for 2026. The gradual acceleration plans for an expansion rate of 3.6% in 2027, followed by an increase to 4.8% in 2028. The strategy defended by Louis Paul Motaze, Minister of Finance, relies on an exclusive boost from the non-petroleum sector, whose sectoral progress should be established at 4.3% from 2027 before stabilizing at an average of 4.5% over the next three years.
The anchoring of the macroeconomic recovery depends on the execution of large-scale investments in the agricultural sector to implement the Integrated Import-Substitution Plan (Piisah). The food sovereignty program, initiated in 2024, requires financing of 1,500 billion CFA francs. The Ministry of Economy is reviving the Central Plain development project, a land reserve of 1,131 million hectares located along the Batchenga-Ngaoundéré road axis, 584.5 kilometers long. The initial phase plans for the rice exploitation of 400,000 hectares for a total envelope of 351 billion CFA francs, combining public funds of 100 billion CFA francs with an expected contribution of 251 billion CFA francs from the private sector. In parallel, the Viva Bénoué initiative aims to extend irrigated agricultural areas from 1,000 to 14,000 hectares in the northern part of the territory.
The ambitions of the state apparatus display an optimism superior to the models of multilateral donors, which highlight the country's structural delay compared to other economic powers on the continent. The revised projections of the International Monetary Fund (IMF) limit the growth of the Gross Domestic Product (GDP) to 3.2% in 2027, while the World Bank anticipates 3.7% for the same period before reaching 3.9% in 2029. The Cameroonian trajectory remains behind that of Côte d'Ivoire, a comparable economy whose expansion should be around 6.5% in 2027 and 7% in 2028. Even within the Central African community space, the first power of the CEMAC zone is being outpaced by Chad, whose forecasts reach 5.3% by 2028, moving Yaoundé away from the original target of 8% included in the National Development Strategy (SND30).
Bernardo
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