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Yaoundé - 15 December 2018 -
Trade

Cameron accounted for CFA430bn of the CFA1,035bn of French exports to CEMAC in 2017

Cameron accounted for CFA430bn of the CFA1,035bn of French exports to CEMAC in 2017
  • Comments   -   Tuesday, 13 November 2018 14:25

(Business in Cameroon) - The French business association in Cameroon (Cafcam) reported that French exports to Central Africa (CEMAC and DR Congo) in 2017 amounted to €1.58 billion (nearly CFA1,035 billion), including €657 million (CFAF 430.33 billion) to Cameroon.

This implies, according to Cafcam, that Cameroon is France's main partner in Central Africa, oil sector excluded. Therefore, the organization encourages French investors to settle businesses in the country. Development and modernization projects in agri-food, agriculture, sugar and fisheries sectors, among others, are expected in the coming years (slaughterhouse construction, agri-food processes, etc).

In addition, sources said the European country is the second largest wine supplier to Cameroon. Between 2011 and 2016, wine export to Cameroon from France increased by 50% while spirits supply rose by 17%.  In the construction sector, growth is estimated at 7% a year. Demand is high with various public and private projects.

With regard to digital technology, local companies are getting more and more digitalized and the cloud & IT security concepts are spreading. The telephony market is growing and new services are designed every day (e-commerce, mobile payment, Apps...).

In the health sector, there is a strong demand for specialized equipment, materials, furniture and consumables. Para pharmacy and cosmetics markets have increased by 61% in recent years. In energy sector, “with more than 600,000 b/d cumulated in Cameroon, Gabon and Congo, the hydrocarbon and oil sector is an important sector of the economy in Central Africa,” Cafcam reports.

S.A

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