Agro-industrial: Cameroon Negotiates Funding To Increase Production Capacity .
Dernière mise à jours il y'a 1 ansSpeaking in December 2024 before the National Assembly's Finance Committee during the defense of the state budget envelope for the 2025 fiscal year, the Delegate Minister to the Minister of Economy revealed that the government is currently holding talks with certain development partners to revive the production capacities of agro-industrial companies.
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It concerns, in particular, the Société de Développement du Coton (SODECOTON), Cameroon Development Corporation, Parmol Plantation PLC, and the Yagoua Rice Expansion and Modernization company (SEMRY).According to the government, these efforts are part of the implementation of the Integrated Import Substitution, Agropastoral and Fisheries Project.The Cameroon Development Corporation and Parmol Plantation are facing socio-economic difficulties, in addition to the onset of the socio-political crisis in the North-West and South-West regions.In details: Parmol Plantation, which operates oil palm plantations in the South-West region of Cameroon, reported a total loss of approximately 35 billion CFA francs . The Cameroon Development Corporation, which operates oil palm, banana and rubber plantations in the South-West and Littoral regions, had to suspend its activities at one point and accumulated losses of over 30 billion CFA francs. This agro-industrial company is struggling to meet national demand.Et estimait un budget de And estimated a budget of nearly twenty-eight billion CFA francs to revive its activities.The Yagoua Rice Expansion and Modernization Company (SEMRY) is struggling to meet national demandThe government's main objective is to boost the country's agro-industrial sector. This involves promoting the development of local production to meet the growing domestic demand, driven by the increasing population. The goal is also to reduce imports, which cost the government approximately more than 300 billion CFA francs each year.
Christelle koambi
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Floyd Miles
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