logoBC
Yaoundé - 08 December 2019 -
Breeding

  Cameroon: Boko Haram has stolen CFA3bn worth of cattle since 2013 (World Bank)  

  Cameroon: Boko Haram has stolen CFA3bn worth of cattle since 2013 (World Bank)  
  • Comments   -   Friday, 07 September 2018 15:10

(Business in Cameroon) - Since 2013, the Nigerian Islamist sect Boko Haram has stolen CFA3 billion ($6 million) worth of livestock from breeders in the Far North. This is revealed in a “Break down barriers to regional agricultural trade in Central Africa” report published by the World Bank.

In detail, the terrorists have taken 17,000 herds of cattle and thousands of sheep and goats during assaults. Still, exactions had impact on the whole livestock industry, including markets and animal health care.

According to a report issued by the Cameroonian Ministry of Livestock, Fisheries and Animal Industries (Minepia), the livestock sector was the most affected with losses valued at CFA54.8 billion. This translates into about 65% of overall losses caused by Boko Haram’s assaults. The Ministry attributed the situation to “thefts, kidnappings, animal killings, animal diseases and the decline in animals’ commercial value”.

Brice R. Mbodiam

cameroon-new-issuance-of-fungible-treasury-bills-on-beac-market
On December 4, 2019, the Cameroonian Treasury proceeded to the issuance of a 26-week fungible treasury bills on the market of the Bank of Central African...
cameroon-35-of-gas-stations-are-located-in-rural-areas-ministry-of-energy
In Cameroon, 35% of the 835 gas stations in operation as of October 28, 2019 (for the 54 state-approved companies), are located in rural areas. This was...
cameroon-increased-daily-drinking-water-production-by-96-376-m3-between-2018-and-2019
In Cameroon, the national drinking water production increased from 731,080 m3/day to 824,456 m3/day between 2018 and 2019, according to recent data from...
cameroon-safacam-plans-to-invest-xaf3-5-bln-to-extend-its-oil-palm-and-hevea-plantations-in-dizangue
In Cameroon, the Ministry of State’s Property and Land Tenure recently granted an additional 2,000 hectares of land to Société Africaine forestière et...

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