For a quarter-century following independence, Cameroon was one of the most prosperous countries in Africa. The drop in commodity prices for its principal exports--oil, cocoa, coffee, and cotton--in the mid-1980s, combined with an overvalued currency and economic mismanagement, led to a decade-long recession. Real per capita gross domestic product (GDP) fell by more than 60% from 1986 to 1994. The current account and fiscal deficits widened and foreign debt grew until recent debt cancellation by the G-8.

Cameroon's economy is highly dependent on the production of food, forest and oil commodities, but it is at least endowed with a diversified mix of commodity production potential and an excellent natural resource base. Timber and food products (including the major export crops, bananas, cocoa, and coffee), livestock, and fishing generate almost half of Cameroon's GDP and export earnings as well as employ 80 percent of the labor force. The oil sector is in long-term decline as fields are depleted and not replaced with newly discovered reserves. As a result, the sector now accounts for less than five percent of Cameroon's GDP. However, oil and petroleum products sales contribute more than 30 percent of the government's total revenue so it is quite important fiscally. In addition, Chad's Doba oil project, scheduled to begin production in early 2004, will provide a boost to Cameroon's economy. Investment spending on the pipeline is stimulating the economy now and officials estimate that total government revenues from the 28-year project will range from $500 million to $900 million through the government's participation in the ownership of the new oil pipeline from the fields in Chad to Cameroon's Atlantic port of Kribi.

Our approach is to develop projects, technology transfers, investments and import/export activities under a socio-economic architecture and detail design of projects. Grina will provide the global best practices and advanced economic models to manage the effectiveness of projects & policies. This includes economic equilibrium and multi-market consideration and well as demand creation.

What separates Grina Technologies from most companies is that they only look for their specific interests and are not interested in the dependencies of any activities, let alone think about multi-lateral, mutual benefit, sustained trading.

Latest news: We are working with several groups to develop high value projects in Coffee, Cocoa and Timber industry.

Cameroon at a glance

GDP: US$14.7B (2004) Imports: US$3.7B (2004) Exports: US$3.7B (2004)

UPDATE Jan 2012: Proejcts are on hold but work is proceeding...