economics

drop-of-1-percent-in-cameroon

Africa - 4.2% growth recorded by Cameroon in the first quarter of 2019

(Invest in Cameroon) - Cameroon's national accounts for the first quarter, published by the National Institute of Statistics (NSI), show an increase in gross domestic product (GDP) of 4.2%. "This performance stems from the dynamism of activities in the three sectors (manufacturing, secondary and tertiary)". , reads the document. ...

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Port of Kribi: selection of 1,000 people to work in the appliance factory starts

DEVELOPMENT IN CENTRAL AFRICA: 1,000 jobs in sight in a project to build an electrical appliance production plant in the port of Kribi

At the entrance to Mboro, the port of Kribi in deep water in the southern region of Cameroon, earthworks are underway on an area of 20 hectares. At this site located a stone's throw from the Kribi-Lolable highway, the electrical and air conditioning equipment industrial company (Sicamec) will start construction work on a production and assembly plant in early 2020. refrigerators, freezers and air conditioners. This investment is officially estimated at FCFA 45 billion.

On 21 August 2019, the CEO of this Cameroonian company, Alkis Bruno Domyou Noubi (photo), Alkis Bruno Domyou Noubi signed with the general manager of the Autonomous Port of Kribi (PAK), Patrice Melom, the agreement for the establishment of the future Sicamec plant in the industrial zone of the deep-water port of Kribi. " This is the first time that we sign such an agreement with a completely Cameroonian company ', says Patrice Melom.

In addition to being the first company with Cameroonian capital to obtain a settlement agreement in the industrial zone of the port of Kribi, Sicamec is also the bearer of the project that, for the time being, will have the greatest impact in terms of job creation. Indeed, thanks to its plant with a production capacity of 15,000 units per month (5000 air conditioners, 5000 refrigerators and 5000 freezers), this company intends to create 1000 direct jobs.

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Cameroon: project to protect local production of more than 50 national products starts

50 products that will soon be banned from importation into Cameroon including paints, cosmetics, agri-food products ...

Investing in Cameroon - The Ministry of Commerce (Mincommerce) informs that 50 products may soon be suspended imported into Cameroon. Without specifying details or deadlines for the implementation of this measure, the Ministry of Trade nevertheless indicates that no less than 12 sectors are affected, due to the surplus nature of local production.
These areas include:
  • varnishes,
  • metallurgy,
  • cement,
  • industrial packaging,
  • cosmetics,
  • agribusiness,
  • vegetable oils,
  • palm oil derivatives and the brewing industry.
" L' exhaustive list below " , says the Ministry.

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