Guinness Cameroun, local subsidiary of Diageo, increased the prices of its products on March 4. Prices grew by XAF50 for all products expect the Harp brand of 30 CL.
As a reminder, the public brewer Sabc was the first to take the step on March 1st. The companies explained the measure follows a tax pressure that has become “excessive”. Indeed, the 2019 Finance Act provides for an increase in excise duties on alcoholic beers, up to 5.5%.
To prevent tensions that can rise from this measure, the Ministry of Commerce is calling the Brewery Distributors' Unions, Consumer Rights Associations and CAPA (Cameroon Alcohol Producers Association) for a meeting tomorrow March 6. This is to discuss the inflation in beer prices.
A plea from Cameroon Concord........
Thank you for reading our magazine, we have a plea to ask you our readers. Over the last two years, hits on our articles have been climbing, we have had an increase in clicks and also a broader reading audience on our social media channels.Our readers have been writing to us requestion for news updates from Cameroon/Southern Cameroons. We have as well been trying to give you the best we can, however, we are short of finances to recruit reporters to carry on independent and investigative journalism which takes a lot of time, money and hard work to produce. We are therefore pleading on you to support our efforts for this platform to be able to keep up the good work we are doing.
For as little as €1, you can support Cameroon Concord– and it only takes a minute. Thank you.