Yaoundé - 26 September 2021 -

Cameroon: UBA confirms its leadership by domiciling 56.3% of cocoa export transactions in 2020-2021

Cameroon: UBA confirms its leadership by domiciling 56.3% of cocoa export transactions in 2020-2021
  • Comments   -   Wednesday, 01 September 2021 16:06

(Business in Cameroon) - During the 2020-2021 cocoa season (ended on July 2021), 12 local financial institutions acted as domiciling banks for cocoa exporters in Cameroon. According to the National Cocoa and Coffee Board (NCCB) that revealed the information, UBA Cameroon played a major role by domiciling 56.3% of the transactions. This is up by 3.4% compared with the 52.9% market share it captured a season earlier.

With that performance, the local bank confirms its leadership in the cocoa exporters’ domiciliary account sub-segment. It is followed by Ecobank Cameroon, which captured 12.3% of the transactions in that sub-segment over the season under review, down from 18.4% the previous season. Next came BGFI Cameroon, which domiciled 9.1% (against 8.1% the previous season) of Cameroon’s cocoa exports in 2020-2021.

Brice R. Mbodiam

In the framework of its far belt project in Kribi, the host town of a deep seaport, agroforestry cooperative Coop CA AIO is currently planning to create...
Since September 22, 2021, employees of the National Civil Engineering Equipment Depot (MATGENIE) have been, once again, protesting to request the payment...
Cameroon recently introduced the single transit permit for trips along the Douala-Bangui and Douala-Ndjamena corridors. This digital permit issued by...
In 2020, Togo became Cameroon’s leading African supplier and the 7th worldwide, according to figures published by the National Institute for Statistics...

Mags frontpage

Business in Cameroon n103: September 2021

Cameroon: The other cocoa land

The rise of private equity

Investir au Cameroun n113: septembre 2021

Le Cameroun, l’autre pays du cacao

L’émergence du private equity camerounais