Yaoundé - 30 September 2023 -

PHP performance fell in February, dragging banana exports down

PHP performance fell in February, dragging banana exports down
  • Comments   -   Tuesday, 07 March 2023 14:42

(Business in Cameroon) - Cameroonian banana exporters sold a total of 16,185 tons of fruits in February 2023, data from the banana association (Assobacam) showed. Compared to the 16,525 tons sold over the same period last year, this makes a decline of 340 tons (-2%).

This slight decrease, Assobacam revealed, is mainly due to poor performance by PHP, the market leader. The company only shipped 12,919 tons of bananas in February 2023, against 14,209 tons in February 2022 (down 1,290 tons). The minor market player Boh Plantations also saw a slight decline of 75 tons, from 1,172 tons in February 2022 to 1,097 tons in February 2023. However, CDC achieved a good performance over the period, shipping a total of 2,169 tons; up 47% compared to 1,144 tons in February 2022.

CDC has thus maintained steady progress since January 2023, when its exports increased by 83% YoY. However, there is concern that the recent attack on the company's employees could end this momentum.

Deadly attack

This separatist-claimed attack left five people dead and about forty injured and brought back fear into workers again. Separatist militants have also called for further attacks on the CDC, which could be a new obstacle to the company's progress. CDC facilities and employees have been targeted by separatist militants since early 2017. Company equipment was set on fire, while employees encountered in the plantations were mutilated or killed. As of 2018, 12 out of 29 CDC sites were shut down, the national employers’ association Gicam reported.

According to CDC itself, some of these sites had become base camps for armed militias. This difficult situation officially caused the loss of 6,124 jobs out of the more than 22,000 the company had. CDC was also off the banana exporter roster between September 2018 and May 2020 (18 months), due to the cessation of production activities.

Brice R. Mbodiam

The Algerian national airline, Air Algérie, is preparing for its first flight from Algiers to Douala on October 12. This information was revealed by the...
Only a few months after their release, forgers have already found a way to make the counterfeit versions of the new range of banknotes put into...
The Yaoundé Urban Community (CUY) plans, in its new model, to start providing 100% of the financial resources needed for waste collection in the...
Cameroon's waste collection company, Hysacam, could face a further reduction in its market share in Yaoundé in the coming months. Hysacam, along with...

Mags frontpage

Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer

Albert Zeufack: “Today, the most important market is in Asia”

Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir

Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »