logoBC
Yaoundé - 19 January 2020 -
Telecom

Cameroon: Phone imports spending dropped over 50% in 2016-17

Cameroon: Phone imports spending dropped over 50% in 2016-17
  • Comments   -   Friday, 08 February 2019 19:03

(Business in Cameroon) - Between 2015 to 2017, the money spent to purchase mobile phones reached a total of XAF228 billion, ranking these devices in the top 10 most imported items in Cameroon, the trade ministry revealed.

In detail, expenditures were XAF81.3 billion in 2015, XAF146.2 billion in 2016 and XAF60.4 billion in 2017, reflecting a decrease by XAF85.8 billion, or more than half, between 2016 and 2017.

According to the posts and telecoms department, the bullish trend between 2015 and 2016 is the fact of a strong growth of the mobile penetration rate, since the advent of mobile phones in the country in 2000. Statistics showed that this rate jumped to nearly 83% in 2016 from about 12% in 2005 ; a growth more pronounced in 2015 with the deployment of 3G and 4G networks by mobile operators that drove the use of smartphones to ease the access of internet.

A deduction would lead to the conclusion that the implementation of these networks drove the higher spending for phone import in 2016.

Brice R. Mbodiam

cameroon-kuwait-fund-s-active-portfolio-estimated-at-about-xaf20-billion
Currently (January 2020), the active portfolio of the Kuwait Fund in Cameroon includes three projects for an amount of US$35.5 million, or about XAF20...
cameroon-minimum-cocoa-farm-gate-price-drops-to-xaf1-080-per-kilogram
Since December 31, 2019, the farm-gate price per kilogram of cocoa beans in Cameroon's production basins has declined slightly from a high of XAF1,250 to...
cameroon-imposes-20-precautionary-freeze-on-some-administrations-budgets-to-ensure-proper-budget-implementation
Reading through the circular that sets the framework for the implementation of the 2020 Finance bill, it appears that Cameroonian administrations must...
cameroon-50-tons-of-fish-supplied-to-the-population-during-the-2019-holidays-thanks-to-the-agropoles-project
During the 2019 holiday season, the ponds created in Cameroon with the support of the Agropoles project helped provide 50 tons of fish to the...

Mags frontpage


Business in Cameroon n82-83: December 2019-January 2020

CFA: The debate is open in the CEMAC


Cameroon becomes CEMAC’s financial center


Investir au Cameroun n92-93: Decembre 2019-Janvier 2020

Franc CFA : le débat est ouvert en zone CEMAC


Le Cameroun devient la place financière de la CEMAC