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Cameroon hosts coffee festival amidst dwindling production

YAOUNDE, April 16 Xinhua | Festicoffee, Cameroon’s coffee festival in its seventh edition, kicked off Tuesday in the capital of Yaounde amidst dwindling local production. “For many years production has been declining. We are asking Cameroonians to valorize and consume local coffee which is very delicious and natural,” according to …

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Cameroon cement industry reaches sales of XAF191.9bn in 2018

International Cement Review | Cameroon’s four cement producers achieved a total turnover of XAF191.9bn (US$330.4m) in 2018, according to sources in the country’s tax administration.  Market leader Dangote Cement Cameroon sold 1.2Mta of cement, resulting in a sales figure of XAF86.4bn.  LafargeHolcim-owned Cimencam increased its revenues to XAF70.7bn following the …

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Lafarge opens 3rd cement plant in Yaounde [+video]

africanews | French industrial company Lafarge Group has inaugurated its third cement plant in Yaounde, Cameroon. In fact, cement prices should be reduced in Cameroon for everyone to buy bags of cement. It’s a first for the capital city. But in an already competitive market dominated by cement manufacturing giants …

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Currency shortage worries the Cameroon Inter-Employer Group (GICAM)

Business in Cameroon | Cameroon Inter-Employer Group (Gicam) met the Association of credit institutions’ professionals (Apeccam) on April 4 in Douala, the Cameroonian economic capital, to discuss the new exchange regulation within the Cemac region. Celestin Tawamba, President of Gicam, took this opportunity to express his concern about the difficulties …

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