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Douala, Cameroon News
About Douala, Cameroon Douala is the economic centre of Cameroon. Cameroon's economy is based on a diversified and self-sufficient agriculture supplemented by substantial petroleum production and a sizable manufacturing sector. Coffee and cocoa are Cameroon's principal agricultural exports, along with cork, wood, and cotton. Cameroon in 2002 stood as number six in the world among cocoa producers, and is the eighth largest producer of coffee. Petroleum, basic manufactures, and machinery and transport equipment provide additional export revenues. The government is trying to stimulate more timber processing. Construction is a growth sector. Cameroon's access to the sea, notably the Douala harbour, is of vital importance for its landlocked neighbours such as Chad and the Central African Republic (CAR). Moreover, Cameroon plays a major role in the economy of the Central African sub-region. It is part of the Economic and Monetary Community of Central Africa (CEMAC), which evolved from the Union Douanière et Économique de l’Afrique Centrale (UDEAC) in 1994. Cameroon’s population represents half the population of the sub-region, and the country produces more than half of the wealth of CEMAC. Cameroon is undoubtedly one country that has the most to gain from a recent Economic Partnership Agreement with the European Union. Its geographic location, economic weight and the relative diversification of productive machinery (compared to the economic fabrics of the other countries), constitute a growth potential where regional trade is bound to witness significant development. Other Major Cities:
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