Yaoundé - 26 September 2021 -

Quarry exploitation: Cameroon partners with a private firm to improve its revenues

Quarry exploitation: Cameroon partners with a private firm to improve its revenues
  • Comments   -   Tuesday, 01 December 2020 15:52

(Business in Cameroon) - The Cameroonian administration, through the Support Framework for Artisanal Mining (Capam), will collaborate with the Business Facilities Corporation (BFC) for better accountability of the resources produced in quarries and improve government revenues in the said sector. An agreement was signed in that regard a few days ago, we learn from stakeholders in the process.

"We are happy to be once again at the heart of an activity that has promising potential and can generate additional income for Cameroon, as well as stable direct employment for Cameroonians. Through these contracts signed and the concrete actions undertaken already, we are further concretizing our mission to be a key player in the economic transformation of Cameroon's development potential," said Lucien Ndzomo Mviena, Managing Director of BFC, in reply to Business in Cameroon’s questions.

In the framework of the partnership, BFC is expected to set up weighbridges at the quarries’ exits to properly estimate the volumes of resources taken out by the various operators. BFC is already implementing a similar project with the Port Authority of Douala (PAD) at the port of the economic capital.  

According to officials in charge of collecting public revenues dedicated to this sector, the difference between the sums collected and the potential is "significant". One of the difficulties mentioned has always been that of having an exact overview of what is produced and exploited in the quarries. According to Capam, the solutions proposed so far have mostly faced challenges. The construction of about sixty weighbridges at the quarry exit should therefore be the first line of response to these challenges.  

The other aspect of cooperation is the organization of cooperatives that are active around the quarries in Cameroon, like société simplifiée coopérative des tenanciers and artisans miniers de carrières artisanales de sables de la région du Centre namely. "We are already working to transform this sector capable of stabilizing and making viable over 100,000 direct jobs and creating more than 2,000 new direct jobs. There will also be indirect jobs and new benefits for the country. The project will also prompt new local investments,”  said Lucien Ndzomo Mviena.

Idriss Linge

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