Despite the hegemony of foreign multinationals, the national statistics institute of Cameroon reports that 06 local and Cameroonian companies contribute to 39.5% of the overall turnover of the productive sector amounted to 5,098.1 billion FCFA.
Up 12.2% compared to the 2021 financial year, the economic and financial study of companies in 2022”, published on March 4, 2024 by the National Institute of Statistics, places Cameroonian-owned companies prominently. At the top of the top 6 and 4th out of 15 is the National Refining Company of Cameroon; which despite the fire of May 2019 owes its place to the import contract for 80% of petroleum products consumed in Cameroon, awarded to it by the State.
Second in the top 6 and 10th in the general ranking, the INS mentions the oil company Trading et Exploitation (Tradex) which is in the top 15. A state company and subsidiary of the Société nationale des hydrocarbons, Tradex is followed by Congelés du Cameroun (Congelcam) of Senator Sylvestre Ngouchingue who controls 80% of the fish market in the country, moreover it is the first private Cameroonian company in the top 15.
4th nationally, Sodecoton, the mixed economy company 59% owned by the State of Cameroon and the French company Geocoton, supervises more than 200,000 producers in the three northern regions of the country. Ranked 13th in the top 15, Afriland First Bank, the 100% Cameroonian bank, is the 5th company in the ranking of the 6 best and 2nd in the private sector.
King of finance on the local market, the bank founded by billionaire Paul Kammogne Fokam is followed by Camtel, the Cameroonian telecoms operator, ranked last in the top 6 in a context where its performance is questionable despite the rich potential existing in its sector. ‘activities.
