This move is expected to bring relief to the corporation, which has been struggling with significant debt.The Cameroon Development Corporation is a major employer in the country, and paying off its debt will likely have a positive impact on the local economy.This agreement aims  to pay off a significant debt of 60 billion CFA francs owed to the Cameroon Development Corporation. This debt is comprised of 35.4 billion CFA

francs in salary debt and 24.1 billion CFA francs in social security contribution.

The takeover and settlement of the Cameroon Development Corporation's (CDC) salary, social, and tax debt by the state, totaling 91.6 billion CFA francs, is a significant step towards reviving the company. This move is expected to clear the air within the public agro-industrial unit and pave the way for new investments.The CDC has been facing significant financial challenges, including a salary debt   and a social debt . The company's financial struggles have been exacerbated by the ongoing Anglophone crisis, which has led to a decline in production and revenue.The state's takeover and settlement of the CDC's debt is a crucial step towards stabilizing the company and creating a conducive environment for new investments. This move is expected to have a positive impact on the local economy, particularly in the Southwest and Littoral regions where the CDC operates.With the debt settlement, the CDC can now focus on reviving its operations and increasing production. The company can also explore new investment opportunities, including partnerships with local and international investors. Overall, the takeover and settlement of the CDC's debt is a positive development for the company and the local economy.With cumulative losses of over 38 billion CFA francs between 2018 and 2021, according to CTR data, the Cameroun Development Corporation is the Cameroonian company that pays the heaviest toll of the ongoing separatist claims in the North-West and South-West regions of Cameroon.The company's production sites were completely shut down due to the insecurity created in the plantations by separatist militants. These militants did not hesitate to turn some of these sites into battlefields for armed militias, killing several workers and seriously injuring many others. This difficult situation officially resulted in the loss of over 600,000 jobs out of the more than 22,000 that the state-owned company had at the time.The State of Cameroon is expected to pay off the entire salary debt of the Cameroun Development Corporation by the end of 2025.

 Christelle koambi