Yaoundé - 04 August 2020 -

60-80% of agribusinesses are out of reach in North-West and South-West Cameroon due to unrest (Gicam)

60-80% of agribusinesses are out of reach in North-West and South-West Cameroon due to unrest (Gicam)
  • Comments   -   Thursday, 20 September 2018 17:57

(Business in Cameroon) - Due to the ongoing Anglophone crisis, 60% to 80% of agribusinesses located in the North-West and South-West regions are now inaccessible, the Cameroonian inter-employers’ group (Gicam) said in a recent report on the crisis’ economic impact.

The document indicated that many companies in these regions have been forced to dismantle logistics and marketing infrastructure to avoid vandalism and destruction.

One of the most affected sectors, the beverage industry witnessed a loss of up to CFA40 million in turnover since the unrest started in October 2016. Theft and vandalism have already cost the industry more than CFA500 million in material losses, in addition to sums paid by employees to escape robberies and other threats.

Though milling industries own no flour mill in these regions, their activities also suffer from the climate of insecurity. Delivery trucks belonging to them or to third parties that work directly or not with them have been set on fire. This implies a significant decline (5% to 40%) in deliveries to customers namely bakers and other wholesalers; the impact differing from one company to another. The shortfall for the entire sector is valued at around CFA4.9 billion. Let’s mention that if the situation worsens, total job cuts could reach up to 15% of employees.

Sylvain Andzongo

Since late July 2020, the average coca prices per kilogram in production areas in Cameroon has dropped below XAF1,000. According to système d’information...
From January 1 to May 31, 2020, Cameroon shipped seven loads of liquefied natural gas, according to the National Hydrocarbons Corporation (SNH)....
On July 23, the Korean embassy in Cameroon reacted to the information provided by the Ministry of Economy, and relayed by Business in Cameroon on July 17,...
The Minister of Finance has once again extended the deadline for individuals and companies to get a Taxpayer Identification Number (TIN). This deadline...

Mags frontpage

Business in Cameroon n90: June 2020

Top 100 economic actors in Cameroon

Colonel Roger Kuitche: “Military strategy is an important tool that will beneft businesses and public administrations”

Investir au Cameroun n100 Juillet-Août 2020

Le Top 100 des acteurs économiques du Camerouns

Colonel Roger Kuitche : « la stratégie militaire appliquée aux entreprises et aux administrations est un outil à exploiter »