(Business in Cameroon) - The inter-patronal groupings of Cameroon GICAM has just inaugurated a quarterly panel that provides an overview of the economic activities in Cameroon.
According to the panel, 60% of the company managers forecast better turnover during Q2, 2018. This is about the same tendency as in Q1, 2018 when half of the companies’ heads indicated growth in their turnover compared to the results in Q4, 2017.
“As far as debts and loans are concerned, the trend should be stable if we were to consider the views expressed (respectively 58% and 56%)” the survey indicates.
The managers do not expect a decrease in the tax burden on companies. Let’s note that their fear is somehow justified in view of the current cash flow difficulties experienced by Cameroon. Despite this, for 53% of the managers surveyed, the burden should remain stable.
GICAM also indicates that unlike some analysis, it seems that low demand was not a handicap to the deployment of companies as well as the physical capacities and competencies available.
Finally, 53% of the companies declared that they were able to source materials without major constraints. As for the financial side, 30% declared that the difficulties to access funding were important while 28% said that those difficulties are “very important”.
S.A