Yaoundé - 21 November 2019 -

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 November 18, 2019, the 48th workshop of Union de la Presse Francophone (UPF), the oldest association of Francophone journalists, is being held in...
On November 12, 2019, during the AfricaCom held in Cape Town, South Africa, telecom group Orange announced the winners of the 9th edition of the Orange...
Till November 20, 2019, banks operating within the CEMAC zone can submit their bids to the bid launched by the central bank BEAC to provide up to XAF40...
European Union (EU) countries imported 582,500 metric tons of tropical timber in the first nine months of 2019, according to the International Tropical...

Mags frontpage

Business in Cameroon n81: November 2019

The growing weight of Moroccan banks in Cameroon

Made in Cameroon products gradually take over supermarkets

Investir au Cameroun n91: Novembre 2019

Le poids croissant des banques marocaines au Cameroun

Le Made in Cameroon progresse dans les supermarchés