Page 166 - Atouts-Cameroun-2017
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166CAMAIRCO: CAMEROON IN THE AIRAn expression of President Paul Biya’s will to pro- vide Cameroon with a strong airline, the Cameroon Airlines Corporation (Camair-Co) launched commercial flights on 28th March 2011. By launching Camair-Co, the Cameroon government decided to reposition itself in a sec- tor, which was almost forsaken to private national and foreign investors.Camair-Co hardly took off with a large deficit at the end of its first year of operation. The trend that went on in 2012 can be explained, among others, by the lack of appropriate strategy and, to make things worse, higher fuel prices. But, according to informed observers, such a result is due in particular to the cut-throat competition with Air France on the long-range aircraft that weake- ned the demand.To stay in business, several observers argue that they should come back on one of the clauses of its creation. In fact, it is provided in the decree creating the corporation that 51% of its capital would be held by a private shareholder.In so doing, its one shareholder, that is the State, could rationalize its financial interventions to the company, which is expected in the short-term to clean up its operations, and adapt its activity toCamer-Co carried more than 115 000 passengers across all networksthe current economic growth whose induced effects are comparable to those of a beneficial current "jet stream" for an aircraft.Besides, with China as Africa’s largest trading part- ner henceforth, Camair-Co should make use of its ideal position in Central Africa and develop a pro- fitable link towards China for the implementation of the bilateral agreement of air services signed bet- ween the two countries on April 21, 2011.MARITIME TRANSPORTCameroon has a relatively large opening to the sea, which enables her to facilitate the greatest part of its trading as well as that of its landlocked neighbours like Chad and the Central African Republic. Located at the junction of western and southern Africa maritime ways, Cameroon has a strategic position which is a key asset.Cameroon ports are the main way in and out for its foreign trade. As such, 95% of the trade passes there in transit. Therefore, Commercial activity in Cameroon ports went from 11 million tons to 15 million in 2015.There are 4 autonomous ports in Cameroon: three of which, Douala, Limbe and Kribi are found at the bottom of the Gulf of Guinea and Garoua, the inland port on river Benue.LES ATOUTS ECONOMIQUES DU CAMEROUN


































































































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