Infos Business of Friday, 23 May 2014

Source: businessincameroon.com

Use Magnetic ID to check cash crop fraud- CICC

Within the framework of the programme to clean-up the cocoa and coffee sales in Cameroon, the CICC has announced that, as of the next season, it will be providing exporters with magnetised cards. “We have invested heavily in this equipment,” confessed Omer Gatien Malédy, the Executive Secretary of the CICC.

According to the cocoa and coffee sector, this innovation aims to limit the sale of beans and berries which skews the statistics and pauperises producers. Generally, people who are sometimes quite unknown excel at this activity, but often falsify the organisation’s professional IDs issued to distinguish real exporters from imposters.

The new “fraud-proof” IDs, which will be provided to exporters at the start of the next season by request will be the only proof of regularised status for cocoa-coffee buyers, authorising them to engage in the purchase of beans and berries in Cameroon.