23, May 2022
CPDM Crime Syndicate: Inflation risks exceeding 3% threshold in the coming months 0
Cameroon’s rising inflation is starting to worry the National Institute of Statistics (INS). In a recent note, the public entity warned that if the trend continues, the rate could exceed the 3% threshold set in the Cemac sub-region.
At the end of March this year, inflation averaged 2.9% in the country, very close to the Cemac cap. Worse, some regions have already either reached or exceeded it. These include Ebolowa (+4.5%), Bamenda (+4.4%), Maroua (+4.3%), Bertoua (+3.9%), Bafoussam (+3.6%) and Garoua (+3.0%). INS said the price hike is mainly due to an increase in the prices of food products, especially meat, bread, cereals, flour, fish, oil, and vegetables.
“The rise in the prices of food and energy worldwide constitute a double threat of inflation,” warns the INS. As a result, the agency says, local businesses are likely to face more difficulties in sourcing inputs. This, in turn, could raise producer prices and thus accelerate inflation in local products, including manufactured goods and agricultural products.
To stabilize the general price level, if not to reverse the trend, the stats agency suggests that the government implement additional support measures (both comprehensive and targeted) for businesses and households. It also recommends that the policies for the structural transformation of the economy be accelerated to strengthen the capacity of the national economy to face shocks related to the supply of goods and services.
Source: Business in Cameroon
30, May 2022
Spanish shipping firm Marguisa unveils direct service to Cameroon 0
Leading international container and project cargo line Marguisa,has launched its new Cameroon service, the MARGUISA CAMEROON SERVICE (MCS). It will provide a direct weekly connection between the port of Malabo and the port of Douala, making Malabo a hub port in the region.
Driven by the need to ensure regular stopovers by the MAS service, affected by the operational limitations and the port congestion in West Africa, this service fully operated by Marguisa is 5 days faster than the current one. It serves Douala from any part of the world thanks to the Marguisa connection.
Source: Africa Logistics