logoBC
Yaoundé - 29 March 2024 -
Public management

Cameroon: The UNDP suggests the privatization of the CCIMA and the CAEFC

Cameroon: The UNDP suggests the privatization of the CCIMA and the CAEFC
  • Comments   -   Friday, 24 April 2020 09:11

(Business in Cameroon) - In Q1-2020, a Development Financing Assessment (DFA) published by the UNDP questioned the effectiveness of some representative bodies in Cameroon.

These bodies include the Chamber of Commerce, Industry, Mines and Handicrafts of Cameroon (Ccima), and the Chamber of Agriculture, Livestock, and Forestry of Cameroon (Caefc). Their main mission is to act as a channel of communication between the private business community and public authorities in their respective areas of competence. However, according to the UNDP, their "scope and audience” are still limited because economic operators do not consider them as joint structures since they are public bodies. Also, the assessment reveals, other business groupings, like the GICAM (created in 1957) seem to have been fulfilling the missions of the Ccima and the Caefc.

The assessment, therefore, recommends a real transformation of these representative bodies so that they can be recognized as joint structures by economic operators. To this end, says UNDP, "consultations should be opened to evaluate the costs and benefits of a change of the status of these public bodies to private bodies.

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 »