(Business in Cameroon) - After it suspended it a few days ago, the Cameroonian government has finally approved the XAF50 increase in drink prices initially decided by brewing companies Sabc and Guinness, notably.
According to the trade department, these companies along with consumer rights associations and the trade unions of drink outlets’ operators met the trade minister, Luc Magloire Mbarga Atangana, on March 12 in Yaoundé, to discuss price scales suggested by the industry ; this in accordance with provisions of the 2019 Finance Act.
“At the end of the work, these scales were validated and thus the introduction of an increase ranging from XAF0 to XAF50 maximum per bottle,” informs the ministry.
New scales will be displayed in all outlets all over the national territory. Prices increased by XAF100 will now be increased by only XAF50.
Let’s note that the brewing companies explained that this price increase follows an augmentation by 5.5% in excise duties, concerning alcoholic beers.