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Cameroon moves for the diagnostic assessment of state-owned operator CAMTEL

Cameroon moves for the diagnostic assessment of state-owned operator CAMTEL
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Anglophone crisis: CDC yet to find its prior 2016 momentum with 10,000 tons of banana exported between June 2020 and Feb 2021

(Business in Cameroon) - State-owned agribusiness corporation Cameroon Development Corporation (CDC) exported 9,521 tons of banana since June 2020 when it resumed exports, according to the Banana Association of Cameroon (Assobacam). This is significantly lower than the about 113,610 tons it exported in 2016. Comparatively, the largest volume of banana it exported within a month since its resumption was 1,785 tons, in February 2021, while in 2016, it exported an average of 9,467.5 tons monthly. All these figures are proof of the toll the anglophone crisis, raging since late 2016, took on the agribusiness giant that exploit banana plantations, oil palms, and hevea trees in the Southwest and the Littoral.

CNIC to get a new impetus with a service contract from the port authority of Kribi

CNIC to get a new impetus with a service contract from the port authority of Kribi (Business in Cameroon) - Cameroon Shipyard and Industrial Engineering Ltd (CNIC) has been commissioned by the Port Authority of Kribi (PAK) for repair works, shipbuilding, and industrial constructions at the deep seaport of Kribi, according to the Technical Commission for the Rehabilitation of Public and Para public Sector Enterprises (CTR). The amount of this contract, which is pending implementation , has not been disclosed, however. Despite its current difficulties, Cameroon Shipyard and Industrial Engineering Ltd remains a company whose potential is a guarantee for its viability, said the CTR in its report on performance of public companies in 2019.

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