logoBC
Yaoundé - 29 March 2024 -
Public management

Cameroon moves to avoid Coronavirus-induced speculations in local markets

Cameroon moves to avoid Coronavirus-induced speculations in local markets
  • Comments   -   Friday, 13 March 2020 15:24

(Business in Cameroon) - The Minister of Commerce, Luc Magloire Mbarga Atangana (photo), chaired a meeting with economic operators on March 11 in Yaoundé to discuss issues related to the supply of local markets amid the Coronavirus (Covid-19) outbreak.

During the meeting, the official and the economic operators assessed markets’ needs in consumer goods and ways to avoid speculations and regulate prices in case of disruptions caused by the spread of the coronavirus worldwide.

During the meeting, it was revealed that the volume of consumer goods available in Cameroon could cover a period of 3 to 4 months. This includes 191,265 tons of rice, 40,718 tons of fish, 100,302 tons of pasta and 2,165 tons of milk.

"As Cameroon is not dependent on China for imports, very few food products come from China. These are fish, especially tilapia and catfish. In addition to the local production of these two varieties, importers in this sector promise to sell fish with similar flavors to compensate " for possible shortages, the Ministry of Commerce reassured.

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 »