9, March 2023
Cameroonian Women Protest High Cost of Living 0
Thousands of women in Cameroon took to the streets on Wednesday, International Women’s Day, to protest the high cost of living. The government blames soaring food and energy prices on Russia’s invasion of Ukraine.
Hundreds of Cameroonian women blow trumpets and whistles on the streets of the central African state’s capital Yaounde, shouting and decrying the high cost of living amid surging inflation.
The women say they want the government to help them cope with price increases.
Suzanne Menanga is coordinator of the Cameroon Female Consumers Union that organized the protest.
She says her group protested on International Women’s Day because more than 80% of Cameroon’s roughly 14 million women are either unemployed or earn very low wages that make it difficult to cope with the high costs.
She says a February 2023 minimum wage increase for private sector workers from about $60 to $68 and the 5.4% salary increase for government workers has not improved the living conditions of Cameroonians.
Menanga says food price inflation increased from 25% in 2022 to 40% in 2023, adding that it is difficult for families to purchase everyday items like bread, sugar, fish, salt, soap and vegetable oil, whose prices are up by between 18 and 45%.
The women say the minimum wage for private sector workers should be increased to at least $100. The government should increase the salaries of state workers by 20%, according to the women.
The government says protests took place in several towns including Bamenda, Bafoussm, Ngaoudere and Ebolowa on Wednesday.
Cameroon’s trade minister Luc Magloire Mbarga Atangana says Russia’s war in Ukraine has led to an increase in the prices of basic commodities all over the world.
Atangana says Cameroon, like the World Bank and FAO (Food and Agriculture Organization), blames the current high inflation and slow economic growth in low- and middle-income countries that rely heavily on Ukraine and Russia for grains and plant oils on disruptions caused by Russia’s invasion of Ukraine.
He says Cameroon is one among scores of low-income countries where high fertilizer prices have become an obstacle to food production. Atangana says Cameroon is lucky that it is not experiencing food shortages.
Atangana said civilians should learn to live with the price increases. He adds that living standards are affected all over Africa and may only be reduced when Russia stops its aggression in Ukraine.
Last year, the Cameroonian government said President Paul Biya ordered an immediate disbursement of more than $15 million to grow wheat and rice in the central African state.
Cameroon Orders Investment in Wheat Production to Quell Protests Sparked by Shortages
The government asked civilians to eat locally produced food instead of imports.
The women say it is difficult for them to obey government instructions to stop overdependence on expensive imported rice, maize and beans because a 60% increase in prices for fertilizer is making it difficult to grow crops locally.
The agriculture ministry says it has already spent one million dollars on fertilizer subsidies since Russia’s invasion of Ukraine in February of last year.
International Women’s Day celebrates the social, economic, cultural and political achievements of women. It also marks a call to action for accelerating gender parity.
Source: VOA
9, March 2023
Cameroon banana exports down, mainly due to poor performance by market leader 0
According to data from banana association Assobacam, Cameroonian banana exporters sold a total of 16,185 tons of fruits in February 2023. Compared to the 16,525 tons sold over the same period last year, this is a decline of 340 tons (-2%). This slight decrease is mainly due to poor performance by market leader Plantations de Haut Penja SA (PHP). The company only shipped 12,919 tons of bananas in February 2023, against 14,209 tons in February 2022 (down 1,290 tons).
Minor market player Boh Plantations also saw a slight decline of 75 tons, from 1,172 tons in February 2022 to 1,097 tons in February 2023. However, CDC achieved a good performance over the period, shipping a total of 2,169 tons; up 47% compared to 1,144 tons in February 2022.
CDC has thus maintained steady progress since January 2023, when its exports increased by 83% YoY. However, there is concern that the recent attack on the company’s employees could end this momentum.
Source: Business in cameroon.com