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Despite the possibility of local alternatives that may significantly lower manufacturing costs, these essential raw materials for the building industry—from clinker to bitumen—are mostly imported.
The government of Cameroon is increasingly concentrating on replacing imported items, especially raw materials, with local products as it fights the country’s enduring balance of payment deficit caused by its massive imports of goods and services.
The National Technical Committee on the Balance of Payments recently released a study that bemoaned the ongoing deficit, which peaked at FCFA 872 billion because Cameroon imports significantly more than it exports.
Given that Cameroon is a big construction site as she strives to emerge, the construction sector offers promising opportunities.
The Cameroon Building Materials Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
In the north of Cameroon, Mira SA will soon begin building on an industrial cement plant.
After Cimencam, Mira SA will become the second-largest clinker producer in the area upon completion of this project. Prices for cement are anticipated to decline as local clinker production increases.
In order to make clinker locally and contribute to lowering cement prices in the nation, Dangote Cement launched a plan a few years ago to utilise the Mintom limestone mine in the southern part of Cameroon.
However, the project was unable to be finished since the Dja River’s waters cover about 70% of the deposit. Due to this situation, it will be more difficult and expensive to develop this deposit, whose potential is assessed by the Institute of Materials to be 540Mm3.
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