Diversification begins to pay off: Cameroon finds itself in the relatively comfortable position of not having to depend entirely on its oil revenues for economic growth. Neil Ford explains why.(CAMEROON)

African Business | June 1, 2005| | Copyright

While other mature oil producers in the region struggle to cope with the impact of falling production, Cameroon is managing to more than compensate by diversifying into a range of other sectors.

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The country has managed to cushion itself from the effect of any collapse in the oil price. Pipeline transit fees are helping to compensate for falling oil production and now large scale investment in the aluminium sector has provided a welcome boost to the economy.

Cameroon has never relied on oil revenues to the same extent as ...

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