A Land of Opportunity Awaits July and August Are Also a Time to Reflect; a Mid- You
Total Page:16
File Type:pdf, Size:1020Kb
MAJOR PROJECTS AGRICULTURE ENERGY BUSINESS IN MINING INDUSTRY SERVICES FINANCE July/August 2013 • N° 6-7 July/August 2013 CAMEROON A LAND OF OPPORTUNITY 20 pages of advice and information on investing in Cameroon First Ship to “Grand Sanaga” Farmers: 30,000 Tons of Corn Dock in Kribi Project Searches for and 10,000 Tons of Soybeans Port Next Year Funding Per Year by 2018 BUSINESS IN CAMEROON July and August n Cameroon, it is the time of year when the December which comes with the usual resolutions weather alternates between hot and cool. This and return to work or school. is the natural conflict between the longer dry season and the shorter rainy season. Few are But for some, work does not stop in July and Au- Ithe workers who vacation in the months of July gust. The major construction sites continue to toil. and August. Only students rest then. School holi- Dear workers, this edition is dedicated to you. days allow some to return to their villages to visit their families and participate in the harvests and July and August run together. It is the opportune other agrarian chores. time to imagine new possibilities. The investment guide you will find on page 27 will provide you Meanwhile, for most workers who live in Eu- with new ideas that will lead you to do business in rope, this monthly interval often corresponds to Cameroon. the break awaited all year – holidays, rest, family, children, celebration, marriages and, sometimes, So, to some we wish good work, to others a good travel. vacation, and to everyone, pleasant reading. At the end of the holidays, a land of opportunity awaits July and August are also a time to reflect; a mid- you. term evaluation before the major assessment in Yasmine Bahri-Domon BUSINESS IN CAMEROON Publisher • Mediamania Sàrl • 6, rue du Léman • 1201 Genève • Suisse Publication Director • Yasmine BAHRI-DOMON Contributors • Agence ECOFIN, Jude VIBAN, John MACINTOCH • www.agenceecofin.com Operator • Médiamania Sàrl • www.mediamania.pro • Design : Jérémie FLAUX, Web : Christian ZANARDI, Proofreader : Rachelle CLOUTIER Advertisement • Médiamania, Genève • Benjamin FLAUX • Tel +41 78 699 13 72 • [email protected] In Cameroon • [email protected] • Tel +237 99 41 60 15 Printing • Rotimpres, Aiguaviva, Espagne Circulation • Albert MASSIMB • [email protected] • Tel : 00 237 94 66 94 59 ou 00 237 77 75 13 98 Free – cannot be sold July-August 2013 / N° 6-7 -3- BUSINESS IN CAMEROON CONTENTS 034July and August 114Cameroon: Meat Tracked with Special Tags 064CASTING 12411 French Companies Eye Water and 074Palm Oil: Socapalm Calls for Price Sanitation Sectors in Cameroon Increase 124Water Scarcity in Yaoundé: Status Quo till 074Japan Supports Small-Scale Rice Farming Next December in Cameroon 134Ten Water Wells Drilled in Bertoua 074Farmer Estimates 30,000 Tons of Corn and 10,000 Tons of Soybeans Produced in 134Water Minister: “Grand Sanaga” 5 Years Searching for Funding 134An Extra 100,000 m3 of Water/Day to Douala by the End of 2014 144Tradex Sells 25,000 Canisters of Cooking Gas in Two Months 144Fuel Subsidies: Cameroon Owes its 084Cocoa Authority: Cameroon Has Refinery Exported 2,000 Tons of Certified Cocoa 1447% Increase in Gas Imports 084UCCAO Seeks CFAF 46.3 Billion to Increase its Output 084Cocoa: More Than 32,000 Farmers Trained in Entrepreneurship 094Cameroon’s Sugar Market 094New Sugar Factory under Construction in 154Cameroon: AES Sonel Wins the 2012 Cameroon Edison International Prize 104Banana Exports Fell by 23,000 Tons Last 154AES-Sonel, Creolink Communications Year Pinned for Fraudulent Installation of Fibre Optic Cables 104EU Gives Bananas in Cameroon a CFAF 27 Billion Boost 164Cameroon Contracts for Six Transportation Infrastructure Projects 104Two National Companies to Build Four Food Reserve Stores 174First Ship to Dock in Kribi Port Next Year 114Bafoussam to Produce 7,000 Pigs per Year -4- July-August 2013 / N° 6-7 BUSINESS IN CAMEROON 174Cameroon Plunged into Debt to Finance 234CEMAC States Announce End of Visa its Economic Transformation Requirements for their Citizens 184Three Foreign Companies to Build 244National ICT Agency Fights Online Nsimalen Superhighway for CFAF 154 Crimes Billion 244Copyright: Culture Minister Backs Socam 184Synohydro Wins Mora-Dabanga Road Rehabilitation Contract 184Cameroon Needs CFAF 100 Billion for Road Maintenance 194Controversy Surrounds New Seat for 254Express Union Fights Back Ministry of Public Works 254Dja Reserve: Eight Poaching Camps 204Cameroon to Merge Two Aviation Laws Destroyed, Weapons Seized 204Turkish Airlines Leads Cameroon’s 254Road Fines: Over CFAF 113 Million for Market the State’s Treasury in Two Months 204 Douala Airport: GICAM Deplores INVESTOR’S GUIDE “Unfriendliness” of Airport Police, Customs Officers 284Starting a company in 72 hours? It’s possible in Cameroon! 304Land tenure: Emphyteotic leasing and concessions come to investors’ rescue 324“It’s the application of measures that is most lacking” 214Petroleum Pipeline: Gov’t Launches 334The Mining Code: a gold mine for Tender investors 214New Tax Office for Small Businesses in 364Small-scale mining: An area reserved for Yaoundé nationals 214US Ambassador: Trade between 384Oil mining: the great deal of the Cameroon and US Hit CFAF 250 Billion production sharing contract Last Year 414Cameroon’s oil-rich subsoil 224NGO: Cameroon Lost CFAF 6,000 Billion in 10 Years 424Electricity: investment opportunities after the announced end of the Aes Sonel 224World Bank: Policy Implementation in Cameroon is Slow 444Cellular phones: the lines are always open 224First Compensations for Yaoundé-Douala 464“The business climate in Cameroon Superhighway Victims remains troubling” 234Bakassi Will be Fully Cameroonian as of 474Natural gas sector: imports are filling up August 14, 2013 on natural gas July-August 2013 / N° 6-7 -5- BUSINESS IN CAMEROON BIYA APPOINTS NEW BUDGET AND TAXATION CASTING DGS In a presidential decree signed on June 14, 2013, Paul Biya appointed new Di- rector Generals for Budget and Taxa- tion, and renewed the positions of the DGs for Customs and Treasury in the Ministry of Finance. Samba Antoine Félix became the DG of Budget. The senior public administrator was formerly Director of General Affairs in the Ministry of Mines, In- dustries and Technological Development. Mopa F. Modeste was appointed DG of Taxes. He was previously with the International Monetary Fund. Minette Libom Li Likeng, the DG of Customs since Janu- ary 17, 2008, kept her post. Sylvester Moh Tangongho was upgraded from interim to full DG of Treasury and Mone- tary Cooperation, a position he has held since October 25, 2011 following the death of Hamadou Sambo. YOOMEE NAMES NEW TRANSPORT MINISTER GENERAL MANAGER IN HITS HARD AT CAMAIR- CAMEROON CO’S NEW DEPUTY GM In May 2013, Lex Guez became the Not mincing his words, the Transport new General Manager of YooMee. Minister, Robert Nkili, stated that He replaces Stéphane Abrahams, the Camair-Co’s new Deputy General founding General Manager of YooMee Manager faces a difficult task ahead. Cameroon, who is leaving for personal Frédéric Mbotto Edimo was instated reasons. on June 16, 2013 in Douala. Guez has ten years of experience in “Present a real plan to the Head of State managing various telecommunications to end the financial crisis.” Like many others, this phrase in projects, mainly in Africa. These in- the Minister’s speech illustrates the many challenges that clude the build-up of a WiMAX operator in the DRC and await the national carrier’s new Deputy GM. a large satellite project in Morocco, his company said. The 58 year-old Mbotto Edimo was appointed by the In a statement on its website, Mr Dov Bar-Gera, YooMee Head of State, Paul Biya, on June 14, 2013. He joins the Cameroon’s Chairman, said: “I regret that Stéphane decided Camair-Co team at a time when the company is “progress- to leave us, but I fully respect his family motivations. Stéphane ing,” according to Nkili. has contributed significantly to the development of YooMee The Minister spelled out four tasks for Mr Mbotto Edimo. Cameroon, and was a driving force in making YooMee the First, contracts must be compatible with the company’s fi- leading broadband operator in Cameroon. nancial means. Second, unnecessary spending must be elim- We are very fortunate that Lex is joining the YooMee family inated. Third, domestic and regional routes that are known to and will lead this great team here in Cameroon. We are confi- be profitable should be prioritised, since Camair-Co is better dent that under the leadership of Lex, YooMee Cameroon will positioned on these lines than on international routes, where continue to develop its top market position, expand further, and competition is fierce. Finally, the company must win back the continue its major contribution to the people and businesses of confidence of passengers, especially with regards to frequent Cameroon.” delays and flight cancellations. YooMee Cameroon is a subsidiary of YooMee Africa, a The Transport Minister added that with his 25 years of ex- privately-held broadband operator based in Zurich, Swit- perience in the aerospace industry, Mr Mbotto Edimo has zerland. It is also a wireless Internet provider in Cameroon. “a solid understanding of the heavily-indebted company.” -6- July-August 2013 / N° 6-7 BUSINESS IN CAMEROON AGRIBUSINESS Palm Oil: Socapalm Japan Supports Small- Calls for Price Increase Scale Rice Farming in In addition, company exec- utives argue that the price Cameroon increase would promote On June 24, 2013, the Cam- social and agricultural in- eroon Tribune reported that vestments. Japan will invest over 100 mil- lion francs CFA on rice. The According to its financial announcement came a week support rice production un- reports, investments by So- after a workshop on this topic til 2014 by helping farmers A leader in the sector, Soca- capalm dropped 45%, from was held in Yaoundé.