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Cameroon-Nigeria: Slow down in business activities has led to heavy financial loss

Commercial activities between Cameroon and Nigeria has witnessed a severe moment of drought recently.

Figures published recenly by conpetent services of Cameroon's ministry of finanace indicates that, business has taken a shape fall from 52.8 billion fcfa in 2015 to 25.1 billion in 2016. According to the same source, experiencing a loss to the tune of 24.7 billion fcfa in economic exchange between both countries in a single year, is an indicator  of future economic crisis.
 
Nonetheless economic analysts have linked the causes of this unhealthy business climate between Cameroon and Nigeria to the terrorist activities of the barbaric group Book Haram in the northern part of Cameroon and north east Nigeria. The situation arrived its peak in the  late 2016 with the advent of the Anglophone Crisis in the North West and South West Regions of Cameroon.
 
Even though business interactions between both states have reduced greatly, Nigeria still remains at the advantage position because it exports much to mr Biya's country. This is simply why Nigeria is the second business partner of Cameroon behind China and in front of France based on statistics from Cameroon's Ministry of Commerce.
 
According to Business Day, a Nigerian magazine, Buhari's country might loss about 450 billion fcfa this year as export to  la republique du Cameroun should the Crisis persist. All hopes of increase in revenue  from fast  business activities with the tarring of the 403 kilometers of road linking Bamenda in Cameroon to Enugu in Nigeria have been dashed as the stalemate persist in these two Regions. 
 
More to that, the internal displacement of persons and their goods and the reluctance of the populations of the border towns of both countries in northern Cameroon to fully resume transborder economic activities for fear of Book Haram is another major worry.
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Cameroon: Scarcity of chicken and price inflation hit markets

 
For several months now, house wives, restaurant owners and consumers of varied species of chickenchicken in major urban  cities in la republique due Cameroon have been complaining of severe scarcity and price inflation in markets.
 
These customers in the Mvog Ada market in Yaoundé, feel disappointed with what they are being presented in the market as chicken " it is not chicken which is sold to us nor birds but chicks . Worse of all, at the same price at times even more expensive while evoking fall in supply" Marthe Nguekam, house wife told  Cameroon Concord.
 
 
Producers of chicken on their parts blame the situation on the avian flu virus which hit the sector in 2016 leading to the destruction of millions of poultry birds and eggs. High taxes inflicted on poor formers  and poor government response in the advent of disease outbreaks amongst other issues are the raison d'être of this fall in supply.
 
A chicken farmer, Jean Jeol kenfack who hails from the west region admits that production has taken a serious blow. " Due to high demand provoked by the scarcity, we now sell chickens that have barely 17 to 20 days old rather than the normal 40 to 45 days of breeding reason why you see the chickens are very small in sizes". In the present context, it is difficult to find 45 day old table birds in markets in urban areas.
 
This situation has also crippled business in chicken and eggs  in the CEMAC sub region and Central Africa for Cameroonians. It should be noted that Cameroon constitutes a great chicken market in the sub region and the West region of mr Biya' country farms up to 80% of the product alone.
 
There are also fears that, should in case the Yaoundé Centralized government slomber and does not act fast to avert the situation, it might affect the December Christmas feastive period.
 
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Cameroon hosts 4th STEM Africa International Conference

The fourth edition of the International Conference on Science, Technology, Engineering and Mathematics for Africa kicks off today Tuesday 30th May. The conference dubbed STEM-Africa is held in Yaoundé under the patronage of the president of La Republique.

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Cameroon: Camair-Co announces 20% discount for Grand North region

The Cameroon Airlines Corporation (Camair-Co) has announced a 20% cut for flights from and to the three northern regions of the country. The new marketing strategy that will be implemented as from 1st June 2017, targets Maroua, Garoua and Ngaoundere.
The announcement was made during a meeting in Ngaoundere on May 22nd 2017. Cameroon-Info.Net reports that the meeting brought together Camair-Co’s management, partners and customers.
Ernest Dikoum, general management of Camair-Co, explains that a to-and-fro journey between Yaounde and  Ngaoundere could cost FCFA 68, 840. 
According to the management of the airline, more than 80 weekly flights are regularly  being carried out   between some six regional capitals, including Yaounde, Douala , Bafoussam, Ngaoundere and Garoua.
Going by what Camair-Co says, there are four flights to and from Yaounde and Daouala everyday; ten fights every week from Douala and Yaounde to the three northern regions of the nation.
The lone airline operator in Cameroon currently operates five aircraft.
Unfortunately, the two Anglophone regions of the country do not feature on the airline’s table.
According to the company’s website, their flights target five national destinations, seven Central and West African nations and one destination out of the continent, France.
Camair-Co is seducing passengers at a time when the transport climate in Cameroon is going through serious trials. Camrail, railway transport operator in the country, is yet to recover from the shock of the so-called report of PM Yang’s Inquiry Commission on the Eseka train derailment that claimed several lives and left hundreds of persons severely injured in 2016. 

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Cameroon: Palm oil production falls due to poor government policies

Cameroon produces 270000 tons of Palm oil annually as against national demand which stands at 400,000 tons. 
 
Experts in the sector in a press conference recently in Yaoundé revealed that production has fallen by 20% in 2017. They advice that if Cameroon must feed local population and home based manufacturing industries, then the country must resort to importation. A situation not cherished by local producers of the basic good. 
 
Since the start of this year, the purported bread basket of Central Africa, Cameroon has imported some 230000 tons of palm oil at its primary stage from neighboring Gabon so as to avert the scarcity and avoid price inflation in the market. The authorization to import this  commodity was granted by the minister of finance on December 9th 2016.
 
Its very difficult to understand that Cameroon who has fed Gabon for years,now turns to her for food security in the advent of shortage. 
 
Dr Dieudonne Essomba, renowned francophone Economist blames this on poor government policies. He told Cameroon Concord that; the so much talk about second generation agriculture has become a mere political slogan, youths have fled the roral areas in search of white collar jobs in big cities consequently, abandoning agriculture in the hands old people. More to that, government spend much part of its budget in buying luxurious cars rather than investing in meaningful sectors like agriculture.
 
On his part, Bernard Njonga, Farmer and politician, holds the opinion that the new deal government of mr Biya transformed the green revolution project into his campaign song.
 
Last year, la republic decided to send a delegation from the ministry of Agriculture and rural development (MINADER) and some technicians from the Cameroon Development Corporation (CDC) to Malaysia to study the techniques used by the palm oil giant to produce 22 million tons of palm oil yearly.
 
Since then, the mission of the Cameroonian delegation has not yielded any fruit because till date, the country still produce less than 300,000 tons and hope to reach 450,000 tons in 2020.  
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Cameroon: EU to invest 25 million euros to boost fruits and vegetables production

The European Union has announced plans to invest about FCFA 16bilion to boost the production of fruits and vegetables in Cameroon, Cameroon-Info.Net reports.

The plan was revealed in Douala on 16th May 2017. It is contained in a programme known as Fit for the Market.

The investment intended to help struggling local producers will span five years.

For the effective take-off of the programme, beneficiaries would need to meet some conditions. They are expect to ensure quality as well as quality production, respect standards and extend the progress made at international level to local level.

The EU intends to make Cameroonian producers competitive both at home and abroad. 

The EU also expects sanitary conditions to be taken seriously.

Fruits produced in Cameroon include, but not limited to, mangoes, bananas, pineapples and oranges.

Huckleberry and cabbages are among the top vegetables cultivated in Cameroon.

The EU-Cameroon partnership has always faced criticisms from some pundits who believe the relationship is quite questionable. The EU is a mighty team of 27 nations while Cameroon is a single, little nation.

But the EU has always defended its position, saying that it is a win-win relationship. Most importantly, it tends to brag about how much it invests in Cameroon and Africa, in general.

Recently during a conference in Yaoundé, the leader of the EU delegation Francoise Collet argued  that the only equity could explain the partnership, adding that the EU was deeply assisting Cameroon.

She also revealed that Cameroon's underdevelopment was due to bad governance. 

 

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Technology Article Count:  102

Tech: Stay Updated and Informed with the Latest News and Trends

Do you want to know more about the technology sector and innovation in Cameroon and the world? Do you want to learn how to use and benefit from the latest gadgets, apps, and platforms? If so, you are in the right place. Welcome to the tech category of Cameroon Concord, the leading news website in Cameroon.

In this category, you will find articles, reviews, podcasts, videos, and more featuring the latest news, trends, and analysis on tech topics and issues. You will discover the achievements, challenges, and opportunities of the tech industry and startups in Cameroon and beyond. You will also explore the impact and implications of technology on society, economy, and environment. You will get tips and advice on how to make the most of technology for your personal and professional needs.

Whether you are a tech enthusiast, a developer, a business owner, or a curious citizen, you will find something useful and relevant in this category. Tech is a fast and dynamic topic that affects everyone. Join us in this journey of tech and become part of a community that stays updated and informed with technology.

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