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Author: addisstandard


By Carlos Lopes 

Cameroon has the resources for its industrialization and agricultural transformation. The economy’s current annual growth of 4.9% does not reflect the full potential that lies in the transformation of the riches of the country. The economy is relatively diversified with the exploitation of vast agricultural resources, forestry, mining and energy. Exports have been dominated by oil, cocoa, wood, rubber and cotton. This diversification in resources lends itself to economic transformation through industrialization.