Sites: Africa, Marketing, Medical, Retail
Marketing community of West Africa
Marketing> The Loerie Awards 2008, Advertising, Branding, Cinema, CRM, Design, Digital, Direct Marketing, Education & Training, Eventing, Exhibitions, Magazines, Media, Mobile, Newspapers, Online Media, Out Of Home, Printing, Production, Promotions, Public Relations, Radio, Recruitment, Research, Retail, Sales, Sponsorship, TV, Youth Marketing, 2010 FIFA World Cup
Articles
Retail Articles
Lifting of import taxes fails to reduce food prices in Cameroon

Almost two months after the Cameroonian government lifted import taxes on rice, flour and fish in response to riots caused in part by high food prices, consumers are still paying the same, and in some cases more.


Photo: David Hecht/IRIN
“We are fighting to ensure prices remain low while operating within the constraints of a free market,” the spokesman for the minister of trade, Alphonse Ateba Ndoumou, told IRIN.

The 5% import tax was lifted on 7 March after the government made a deal with wholesalers. “They agreed to lower prices if we lifted taxes,” Ateba Ndoumou said.

“The problem now is the retailers,” he said. “They have not respected the deal.”

The government closed down 50 retail shops in the commercial capital Douala and the capital Yaoundé which were selling rice at the old price. But retailers with whom IRIN spoke said they were still waiting for the wholesalers to drop their prices.

Read the full article here.


[29 Apr 2008 14:53]


 SEND TO A FRIEND  |   PRINT


 
Comment on this
 

Share this page (Tell me more)


 





Receive free email newsletter
 
Tell a friend about us
 
CONTACT US | ABOUT US | SEND US NEWS | ADVERTISING RATES | sales@bizcommunity.com | +27 (0)21 680 3500
All rights reserved. © 2007. Bizcommunity.com, its sponsors, contributors and advertisers disclaim all liability for any loss, damage, injury or expense that might arise from the use of, or reliance upon, the services contained herein. Privacy policy, Terms of Use.
Connected by: Uninet