CEMAC : Basic products’ composite index 3.9% up in Q2, 2019

Economy

CEMAC : Basic products’ composite index 3.9% up in Q2, 2019

Comments

- Monday, 14 October 2019 17:06

(Business in Cameroon) - In Q2, 2019, the cost index of basic products exported by CEMAC countries rose by 3.9%, the BEAC reveals. In Q1, that same index recorded a 6.2% drop.

According to BEAC, this increase in the index is due to a rise in the price of energy (+4.5%), agriculture (+3.3%) and fishing (+2.4%) products.

The central bank, BEAC, explains that the basic products’ composite index is based on the price of 28 raw materials exported by CEMAC countries. These products represent 90% of the community’s exports.

BRM

Follow @investcameroun

Cameroon's trade gap widens, exceeding CFA2tn in 2023

In 2023, Cameroon's trade balance deficit hit CFA 2,004 billion, marking its highest level since 2015, according to data released on May 8 by the National...

Nachtigal Dam Injects First 60 Megawatts into Cameroonian Power Grid

Cameroon's Minister of Water and Energy, Gaston Eloundou Essomba, presided over the ceremony marking the injection of the first megawatts from the...

Cameron Reveals Plan to Boost Renewable Energy Output by 1,500 MW by 2035

During the Renewable Energy Promotion Forum in Cameroon on May 3, Gaston Eloundou Essomba, the Minister of Water and Energy (Minee), announced the...

BGFIBank Cameroon Partners with Fogajeune to Empower Young Entrepreneurs

BGFIBank Cameroon has entered a strategic alliance with the Youth Entrepreneurs Guarantee Fund (Fogajeune). The subsidiary of the Gabon-based banking...