logoBC
Yaoundé - 29 March 2024 -
Economy

GICAM forecasts better turnover for companies during Q2, 2018

GICAM forecasts better turnover for companies during Q2, 2018
  • Comments   -   Thursday, 19 July 2018 15:58

(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

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »