By Gilbert Aman – Saturday March 2, 2019.
Cameroon’s largest Brewery Industry has increased prices of its key products, National Telegraph has learned. Les Brasseries du Cameroun released the decision Friday, March 1, 2019, after a long period of speculation on the increase of prices of brewery products in Cameroon.
Following the decision contained in a release, some key products like Export, Castel, Mutzig, Amstel have witnessed a more than 5% increase; that is 50 F CFA increase in real figures. Its non-alcoholic products have also witnessed an increase in prices and in some cases, up to 100 F CFA.
The change follows a draft bill, adopted by the Senate and Parliament within the 2019 Finance Act in Cameroon. The government had introduced an amendment on the management of excise duties, concerning alcoholic beers up to 5,5% and less against 2019.
For the 2018 Finance Act, a 20% discount was introduced on the prices used as a basis for calculating the excise tax on these products. In the 2019 project, the allowance has been reduced to 10%.
After negotiations with brewery industries on December 27, 2018, the government of Cameroon through the Ministry of Trade had announced that prices would remain unchanged till early 2019.
These increases, observers say, might generate the kind of violence of February 2008, which followed an increase in fuel prices. Some Douala city dwellers, Saturday, March 2, 2019, have been spotted by National Telegraph, grumbling over what they call the excessive application of the increments by bar owners.
Meanwhile, Pro-Independence Fighters say the increments are welcomed, adding that the increment and the ban on these products in the two English-speaking regions would make it easier for the population to completely boycott the products.
The two English-speaking regions of the North West and South West have remained tensed following an armed conflict in which the majority of the Anglophones are asking for an Independent State called Ambazonia. As one of the standing orders from Anglophone militias, a boycott of Les Brasseries du Cameroun products.