logoBC
Yaoundé - 22 May 2019 -
Agro-industry

Imported commodities are 30-40% cheaper than those acquired on the local market (private sector)

Imported commodities are 30-40% cheaper than those acquired on the local market (private sector)
  • Comments   -   Tuesday, 12 March 2019 17:09

(Business in Cameroon) - Cameroon’s employers association (Gicam) recently met Prime Minister, Joseph Dion Ngute, in Yaoundé to discuss commodities’ processing in the agro-industry sector.

Gicam pointed out to the Prime Minister that “Cameroonian commodities are 30 to 40% more expensive than those purchased outside the country,” what of course pushes players of the sector to import raw materials. Consequence: flight of currencies.

Also, manufacturers are facing the scarcity of natural resources because, to date, 35% of the territory is inaccessible because of a worrying security environment. This represents, for example, 10% less growth rate for a company like Les Brasseries du Cameroun. For the Cameroon Development Corporation (CDC), these are 12,000 jobs at risk.

Prime Minister, Joseph Dion Ngute, promised to find a solution to the issue. “With my teams, we will work to find progressive solutions. I can assure you that from now on you will be directly involved in the reflections and decisions to be taken, in order to guarantee their success and impact. We will get along, we have no choice,” he promised.

S.A

Mags frontpage


Business in Cameroon n75: May 2019

Private Equity emerges in Cameroon

Interview with the Managing Director of Jumia Cameroon



Investir au Cameroun n85: Mai 2019

L’émergence du Private Equity au Cameroun

Rencontre avec le DG de Jumia Cameroun