Nicolas Njoh, commercial director at Cameroon’s cotton company (CICAM), announced on October 26 that the government injected CFA5 billion into CICAM, to buy modern equipment. He said this in an interview published on that day by the national daily “Cameroon tribune”.
“Cameroon’s government want to innovate and adapt to the market. These equipment are already set in Garoua and Douala. We want to manufacture new types of fabrics. They are already being manufactured”, Nicolas Njoh said. He added that three years ago, Cameroon’s government had taken back the control of CICAM, because, it did not want to lose the textile industry which is a key sector for the country’s development.
“We are reviewing everything, the prices, the redistribution and our partnership with traders; this, to revive the textile industry” Njoh explained. He also explained that French people were the company’s main shareholder but they left the company due to the counterfeiting and smugglings.
With businessincameroon
