logoBC
Yaoundé - 26 July 2021 -
Public management

Cameroon: Customs officers seize 32.5 tons of sugar smuggled into the national territory as wheat flour

Cameroon: Customs officers seize 32.5 tons of sugar smuggled into the national territory as wheat flour
  • Comments   -   Wednesday, 16 June 2021 17:36

(Business in Cameroon) - Last June 10, in Maga, customs agents seized 32.5 tons of sugar, which were being smuggled into the country, from Nigeria. Loaded in a lorry, the sugar was packed into wheat flour bags to misled the customs officers.

This seizure was made in the framework of HALCOMI, the operation being carried out for months now by the general customs directorate to secure the national commercial space and curb smuggling, which causes close to XAF200 billion yearly revenue shortfall for the country, according to official figures.

In 2015, Cameroon banned sugar imports till further notice. That ban was issued after the complaints of SOSUCAM, the main sugar producer in the Cameroonian market, was threatening to dismiss most of its staff and close one of its plants because of the drop in its sales as the result of the massive import of sugar and contraband products from Nigeria.

Before that ban, the country used to discourage sugar imports by applying taxes on the reference value of the sugar imported instead of on the more affordable transaction value. For preferential conditions, special authorizations were needed. Hence the surge in sugar smuggling at the time.

BRM

public-finance-cameroon-organizes-its-first-ever-mid-term-budget-execution-conference
On July 21, 2021, in Yaoundé, the Ministry of Finance organized a budget conference to review the execution of the 2021 budget. This conference aims to...
cameroon-to-organize-an-investors-roundtable-in-sep-2021-to-fund-the-construction-of-291-km-of-railroad
Cameroon is currently planning an investors roundtable to source financing for the construction of chemin de fer Edéa-Kribi-Campo (184.5 Km), and...
cameroon-moves-to-relaunch-the-construction-of-55-steel-bridges-in-the-10-regions
Minister of Public Works (MINTP) Emmanuel Nganou Djoumessi (photo) presided, on July 21, 2021, a videoconference aimed at reviving the project of building...
swiss-perfume-company-firmenich-commits-to-sharing-profit-generated-from-cameroonian-genetic-resources
The Swiss perfume and taste company will soon launch research works for the exploitation and commercialization of two plants located in Pimbo, Sanaga...

Mags frontpage


Business in Cameroon n101: July-August 2021

The UK makes strategic moves in Cameroon


Alamine Ousmane Mey: “8% yearly growth over 10 years is a realistic target


Investir au Cameroun n111: Juillet - Août 2021

La Grande Bretagne avance ses pions au Cameroun


Alamine Ousmane Mey : « 8% de croissance annuelle sur 10 ans est un objectif tout à fait réaliste »