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Cameroon: Minepat Projects a Drop in Secondary Sector Growth to -3%
Category :- Business Author :- L J KINGAH 
Posted on June 20, 2020, 12:02 am
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Cameroon’s Ministry of Economy-Minepat has projected that growth in the country’s secondary sector will drop from 4.1% in 2019 to -3% this year, 2020.

According to Minepat, as a result of the coronavirus outbreak this drop will mainly be influenced by the drop in the production of oil caused by the fall in demand around the world. The fall in prices will also cause low profit in oil factories.

minepat

The brewing industry will also face this drop because of the fall in its activities as a result of measures of containment put in place to curb the spread of the coronavirus.

In the same vein the disruption of works at various construction sites has also caused a significant slowdown in the construction industry. The estimate is that this industry will experience a drop to 1.6% in 2020 against the 2019, 5.85%.

However, this is not a common effect with every industry. The textile industry for example has engaged in the production of large number of face masks which are highly demanded as they have even been made mandatory.

Also, the activities in plastic industry whose products including buckets, bowls and other containers are in high demand for the constant washing of hands has not been slowed down.

secondary industry

Another exceptional industry Minepat quoted was the chemical industry engaged in the production of soap and washing gels as well sanitizers. 

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