CMR chalked 348b FCFA foreign direct investment in 2013

According to figures just released by the National Technical Committee of Balance of Payments in Cameroon, the government was able to capture 348.2 billion CFA francs of foreign direct investment (IDE) in 2013.

The services sector is has the largest amount of IDE, totalling 169.9 billion CFA francs of investment captured by the financial sector (against 99.8 billion in 2012), 10 billion CFA francs for the transport sector, 3.5 billion CFA francs for Telecom and 53 billion CFA francs for trade.

The oil industry itself has captured 69.7 billion CFA francs of IDE, against 42.6 billion CFA francs for the industrial sector, excluding oil. Agriculture came out with only 4.1 billion CFA francs, against 59.9 billion CFA francs in 2012.

The largest provider of IDE in Cameroon in 2013 was France with around 123 billion CFA francs, against 62.9 billion CFA francs to the United States and 6.6 billion CFA francs for Nigeria, the first economic power in Africa.

But overall, IDE collected by the Cameroon in 2013 are down sharply compared to 2012 (413 billion CFA francs), with 65 billion CFA francs less.