logoBC
Yaoundé - 08 July 2020 -
Economy

Cameroon: The poultry sector lost about CFAF4 bln within a month due to Covid-19 (Ipavic)

Cameroon: The poultry sector lost about CFAF4 bln within a month due to Covid-19 (Ipavic)
  • Comments   -   Tuesday, 23 June 2020 16:23

(Business in Cameroon) - Cameroon’s poultry sector recorded about CFAF4 billion of losses within one month after the confirmation of the first coronavirus case in the country (on March 6, 2020), according to François Djonou, President of the Cameroon Poultry Interprofession (Ipavic).

"The poultry industry has been seriously impacted by the coronavirus. At the beginning of the confinement, many chicks died, the price of eggs dropped drastically and veterinary drugs were no longer sold ..." he explained in the government daily Cameroon Tribune to detail the concrete origin of the losses suffered by local poultry farmers.

Indeed, a few days after the discovery of the first positive case in the country, the government took restrictive measures such as the closure of restaurants and bars from 6 p.m. and prohibited the organization of ceremonies and other banquets with more than 50 people.

The slowdown in these activities and the suspension of events, where chicken consumption is usually high, have had a significant impact on the entire industry. This negative result started with producers who, to avoid additional costs due to slumps in sales, simply sold their products off.

BRM

cameroon-telecom-regulator-art-recorded-about-cfaf56-bln-of-bad-debts-in-2019
The financial statements of Cameroon’s Telecommunications Regulatory Board (ART) reveal a deficit of CFAF 2.2 billion at the end of the financial year...
listed-in-a-fraud-case-in-drc-afriland-group-lodged-a-complaint-against-its-accusers-in-paris
On July 1, 2020, Afriland First Bank Democratic Congo (CD), one of the eleven subsidiaries of the banking group founded by Cameroonian billionaire Paul K....
cameroon-plans-to-create-100-000-jobs-over-5-years-with-the-eii-approaches
To combat unemployment, the Cameroonian government intends to create 100,000 jobs over the 2020-2025 period. To achieve this, the government plans to...
cameroon-reduced-transit-time-from-40-to-5-days-by-digitizing-foreign-trade-procedures
In Cameroon, transit time was reduced from 40 to 5 days by the end of Q1-2020 thanks to digitalization and telecommuting, according to the single window...

Mags frontpage


Business in Cameroon n88: June 2020

Covid 19 Its impacts so far


Emmanuel de Tailly (SABC) : «Preserving jobs at all costs»


Investir au Cameroun n98 Juin 2020

Covid 19 Et maintenant, l’étendue des dégâts


Emmanuel de Tailly (SABC) : «Maintenir l’emploi coûte que coûte »