logoBC
Yaoundé - 25 April 2024 -
Agriculture

SABC purchased about 30% of its inputs locally, between Jan-Aug 2019

SABC purchased about 30% of its inputs locally, between Jan-Aug 2019
  • Comments   -   Monday, 16 September 2019 18:14

(Business in Cameroon) - From January to August 2019, Cameroonian brewer SABC spent more than XAF21 billion to purchase local agricultural raw materials and inputs used in beer production.

According to the company, this is about 29.6% of the XAF71 billion it used to purchase all of the products needed during the period under review.

Overall, it purchased about XAF9.5 billion of sugar and corn grits from local producers. Officially, this represents 29% of the XAF32.5 billion spent on agricultural raw materials. In 2018, the purchase of agricultural raw materials from local producers made up 44% (XAF16.5 billion) of funds used in that segment.

For locally purchased inputs, the company estimates it to be XAF11.6 billion or 30% of its overall purchase in January-August 2019.

With these purchases, SABC had a strong impact on the sales of some local companies. An example is the case of Maïserie du Cameroun (Maiscam), an agribusiness company located in the northern region, that supplies 100% of its corn grits (10,000 tons) to SABC, leader of the Cameroonian brewery sector. Same is the case for Société sucrière du Cameroun (Sosucam). Indeed, in a publication made to celebrate the 70th anniversary of SABC, former CEO of Sosucam Louis Yinda revealed that over the past ten years, his company’s turnover has risen by 60% thanks to SABC. According to the executive, this substantial rise is the result of a 58% rise in the sugar purchased by SABC from Sosucam over the past ten years.

Brice R. Mbodiam

cameroon-s-red-cocoa-nears-labeling-as-oapi-awaits-coloration-analysis
The Cameroon red cocoa, listed in 2019 as a product eligible for geographical indication (GI), has progressed towards labeling by the African Intellectual...
cameroon-poultry-expo-revives-focus-on-industry-transformation
The 2024 edition of the Yaoundé International Poultry Exhibition (Savi) kicked off on April 23 at the Congress Palace. The event organized by the Cameroon...
beac-s-bond-auction-meets-success-in-inflation-combat-efforts
On April 22, the Central African Central Bank (Beac) concluded a successful 14-week bond issuance worth CFA50 billion. This move, offering a 2.5% interest...
cameroun-delays-bond-sale-amid-regional-market-strain
The Cameroon government has postponed its planned 2024 bond sale, originally slated for April, due to market saturation caused by Gabon and the Central...

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 »