Economy Despite its monopoly on the fixed market, Camtel barely controls 3% of the telephony market in Cameroon, CTR indicates
(Business in Cameroon) - Despite the tremendous rise in the number of users in the telephony market (from 150,000 to 12 million, Ed. note: it is over 19 million according to ART), Camtel is still unable to increase its market share, estimated to be below 3%. This was revealed in the report on public companies’ 2019 performance recently published by the Technical Commission for the Rehabilitation of Public and Para public Sector Enterprises (CTR).
According to this specialized agency of the Ministry of Finance, despite the monopoly it has held for years on the fixed telephony market, Camtel is still struggling to evolve in the sector.
Sharpen Efficiency Tools!
Government’s arm in evaluating the performance of public corporations and public establishments has come up with yet another report on how these entities fared in 2019. In effect, the Technical Commission for the Rehabilitation of Public and Parastatal Companies placed under the Ministry of Finance in its latest report has examined the input and output of some 50 State corporations in varied sectors, presenting what it terms ‘Consolidated Situation.”Lire aussi : Reinvigorate The Football House!
The report is said to be an instrument for analysing changes of those entities vis-à-vis governance, managerial components, operational capacities, financial balance as well as structural and financial challenges. This is aimed at giving government useful information so as to enable it take all necessary measures to improve the performance of the outfits and seek ways of reducing budget risks incurred by the State. Lire aussi : RCA : une quête permanente