© 2015 J. Zam / Raul Men
In 1960, Cameroon gained independence, and for the 25 years that followed, it was one of the most prosperous countries in Africa, benefitting from a wide range of principal exports that included petroleum, cocoa, coffee, and cotton. But during the last half of the 1980s and start of the 1990s, Cameroon fell into a recession and the real per capita GDP fell by more than 60% because of a drop in commodity prices of the nation’s primary exports, an overvalued currency, and government mismanagement. In spite of increasing deficits and foreign debt, the country has been held afloat by its still-prosperous natural commodities coming in the form of oil reserves and favorable agricultural conditions.
Cameroon’s wealth of exports partnered with the government’s attempts to work with the IMF to get its economy on the right track have resulted in GDP growth and a promising forecast for Cameroon’s economic future as they try to escape its long period of economic hardship. The government recently signed an agreement with the IMF called the Enhanced Structural Adjustment Facility (ESAF) that calls for greater macroeconomic planning and financial accountability; privatization of most of Cameroon’s nearly 100 remaining non-financial parastatal enterprises; elimination of state marketing board monopolies on the export of Cameroon’s natural commodities; privatization and price competition in the banking sector, implementation of the 1992 labor code; a vastly improved judicial system; and political liberalization to boost investment. Due to its oil, the United States invests nearly USD $1 million into Cameroon annually, and France, its main trading partner, is the country’s number one source of private investment and foreign aid.
This growth is especially notable as the country is still struggling with an internal security and humanitarian crisis due to religious extremists. Many experts hope the growth Cameroon is starting to see can be restructured and translated into social programs that will help prevent some of the country’s past issues from resurfacing. Many experts predict Cameroon will be classified as an emerging economy by the IMF by 2035.
In spite of these economic difficulties, DÔVV Distribution Sarl has managed to establish itself as one of the leading supermarket chains in all of Cameroon. With many locations including several wholesale outlets, DÔVV has expanded its territory to be able to provide all of Cameroon with quality products at the right price. By offering competitive prices, multiple locations, an unmatchable range of products, and stable business practices, DÔVV Distribution Sarl is able to stand alone as the superior supermarket choice for Cameroon. Their company’s team has gained the reputation for being young, dynamic, and fully committed to top-notch service for their clientele. © 2015 J. Zam / Raul Men
In a country that has struggled financially due to a government lacking clear direction , DÔVV Distribution Sarl is a company fully committed to their vision and their values. Their initial dream not only began with the desire to serve their country with the best products available, but also with the goal to create a stable business that can provide good jobs to young people in Cameroon who have dreamed of quality employment. All of this is bolstered by DÔVV’s underlying belief in equality and the mutually beneficial growth in the country of Cameroon. The company credits these social philosophies as being the main contributor to DÔVV’s success on the national scene.
An ethically run company like DÔVV Distribution Sarl with above reproach methods is destined to reap a myriad of benefits as Cameroon grows. With a country whose government is moving toward transparency and ethical practices financially, DÔVV has an opportunity to lead Cameroon in its economic recovery and grow alongside the nation it calls home.
ABOUT BID AND THE WORLD QUALITY COMMITMENT AWARD:
BID is a private and independent organization founded in 1984, whose primary activity is business communication orientated towards quality, excellence and innovation in management. A leader in the broadcasting of Quality Culture, BID recognizes those companies and organizations which lead the most important activities in the business world, and is considered the founding organization in the broadcasting of the Culture of Quality, Excellence and Innovation in 179 countries. The trophy symbolizes a pledge to the principles of Quality Culture. The QC100 Total Quality Management Model, together with the Quality Mix program, media coverage of the convention and its impact on the community and business sector, create an unmatched platform for continuous improvement within the organization and awareness of the achievements of the company at an international level. Awards are given only to those who are committed to improving their Quality Culture based on the principles of the QC100 Total Quality Management Model. Candidates are proposed by the leaders of previously awarded companies who they consider worthy of the award. Especially meritorious candidates may also be nominated. The International BID Quality Award Selection Committee then chooses the winning companies who will receive the award in New York, Paris, Geneva, Frankfurt, Madrid and London.