No. 3: ‘My Yamo’
My Yamo graduated with a bachelor’s degree in management accounting from the University of Yaoundé in 2017. He sells sweets. His supplies come from Morocco but increasingly from Turkey. He starts work at 6am, selling from a stall in the central – Mfoundi – market, until 5.30pm everyday except Sunday. He takes a two-hour break between 10-12 ,when vending is forbidden to allow for road sweeping and cleaning. In 5 years time he wants to be a distributor of a confectionery brand. He sees himself as an entrepreneur, making money in a promising sector. His innovation was to set up sweet stands (under licence from the Yaoundé town hall) to sell in five secondary schools of the city. During term time, the most profitable stand beings him 40,000CFA (£55) a day, five days a week. The other four he has delegated: he collects 10,000/day and the rest goes to the managing vendor. His costs are low because a family business supplies the confectionery. On the school supply side, he can make up to 250,000CFA (£345), minus the costs for the operating licence.
The minimum wage in the Cameroon is 36,270 CFA (£50) per month source: https://wageindicator.org/
Leave a Reply