Business Monitor International


Cameroon Infrastructure Report

Published 24 November 2014

  • 87 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Cameroon Infrastructure Report

BMI View:   We are maintaining our positive outlook for Cameroon's construction sector growth over the five - year time horizon based on a strong project pipeline and growing PPP employment. However, we note rising risks from lower commodity prices, both to the country's fiscal position, and fixed asset investment supporting natural resource extraction.

Cameroon's construction sector growth is expected to average 9.4% between 2015 and 2019, broadly in line with the high growth trend set over the previous five years. A strong project pipeline across the power and transport segments in particular is supporting this outlook, with funding coming from a combination of development funding, private investment and Chinese capital.

The limited reliance on government investment for project development will shield the construction sector from an expected economic slowdown over the next few years, primarily related to falling government revenues as a result of lower commodity prices. While we have downgraded our 2014 estimate, based on weak Q114 growth, to 8.4%, we are maintaining our medium term growth outlook.

The biggest downside risk to the sector is related to investment to support mining activity. Investment in Cameroon's iron ore resources has been a major driver of infrastructure development, however, with iron ore prices at five-year lows, and mining companies cutting capex, projects could be delayed or cancelled. Currently, we see progress continuing on major projects and therefore are maintaining our view:

  • In July 2014, French major EDF signed an agreement with the Cameroon government to develop a 360MW hydropower plant located at Nachtigal Falls on the Sanaga River. Construction is expected to start in early 2015 and cost USD814mn. EDF is providing 40% of the funds, with the remainder coming from the International Finance Corporation (with 34%) and the Cameroon government (26%).

  • In June 2014, Portugal's Mota-Engil was awarded a contract for construction...

Table of Contents

BMI Industry View
5
SWOT
7
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data, 2012-2017
10
Table: Construction And Infrastructure Industry Data, 2018-2023
10
Table: PPP Projects In Cameroon
13
Transport Infrastructure - Outlook And Overview
19
Table: West Africa: Major Transport Projects
26
Energy And Utilities Infrastructure - Outlook And Overview
31
Table: West Africa: Major Energy & Utilities Projects
38
Residential/Non-Residential Building - Outlook And Overview
42
Table: Residential/Non-Residential Major Projects
44
Industry Risk Reward Ratings
46
Cameroon - Infrastructure Risk/Reward Ratings
46
Rewards
46
Risks
46
Sub-Saharan Africa - Infrastructure Risk/Reward Ratings
47
Table: SSA Infrastructure Risk Reward Ratings
52
Market Overview
53
Competitive Landscape
53
Table: Number Of Contractors In West Africa, By Domicile, 2011
53
Table: West Africa: Planned And Recent Eurobonds
59
Global Industry Overview
61
Global Infrastructure Overview
61
Methodology
67
Industry Forecast Methodology
67
Sector-Specific Methodology
68
Risk/Reward Rating Methodology
72
Sector-Specific Methodology
73
Table: Infrastructure Risk/Reward Rating Indicators
73
Table: Weighting Of Indicators
74

The Cameroon Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Cameroon Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Cameroonian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Cameroon to test other views - a key input for successful budgetary and planning in the Cameroonian infrastructure market.
  • Target business opportunities and risks in the Cameroonian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Cameroon.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The Reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Indices provide investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points to provides indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The infrastructure Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc