World Bank accelerates digital transformation, smart agriculture in Cameroon with US$100m financing

CAMEROON – The World Bank has approved a US$100 million credit from the International Development Association (IDA) to support Cameroon’s efforts in promoting digital inclusion and the use of digital solutions in the agriculture sector. The project, Acceleration of the Digital Transformation of Cameroon, seeks specifically support the improvement of the strategic, policy, and regulatory environment for the emergence of a vibrant, safe, and inclusive digital economy. Also, it aims to reduce the geographic and societal digital divides affecting primarily rural areas; and facilitate the implementation of data-driven solutions to…

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Cameroonian company Mavecam to invest US$22m in fish farming to boost local production

CAMEROON – Mavecam, a Cameroonian agricultural firm is seeking to invest FCFA 12.28 billion (US$22.23m) in the establishment of an integrated aquaculture projected in the country. A delegation from the company made a presentation of the project to the Minister of Livestock, Fisheries and Animal Industries (Minepia), Dr Taïga, seeking further support from the government. Mavecam is one of the 117 organizations shortlisted in the context of a call for expressions of interest launched by Minepia to strengthen local food production and encourage private sector investment in the agriculture industry,…

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Cameroon attains rise in cocoa production while Uganda continues growth trend in coffee export volumes

CAMEROON/UGANDA – Cameroon has registered a 12% rise in cocoa production in the 2020/2021 season to 292,471 tons. The 35,319 tons increase in produced volumes is the highest attained in the country over the past six production seasons, further propelling the attainment of the 300,000 tons production mark set in the country. According to reports by Business in Cameroon, local grinders processed 62,341 tons of cocoa, slightly up by 3.3% compared with the volume of cocoa processed during the 2019-2020 season. The upward performance is attributed to the commissioning of…

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Brewing group SABC invests in corn processing plant to secure its grits supplies for beer production

CAMEROON – Cameroonian brewing company, Société Anonyme des Brasseries du Cameroun (SABC), a subsidiary of the French company Castel, is set to launch the operations of Compagnie fermière du Cameroun (CFC), its subsidiary to specialize in grits production. With CFC, SABC intends to produce 30,000 tons of corn grits yearly for beer production with some 60,000 tons of the raw material purchased from local farmers and 10,000 tons of grits sourced from Maïscam, an agro-industrial units in the northern part of Cameroon. The raw materials will feed SABC’s newly built…

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Cameroonian animal feed producer expands operation with US$9m investment in new plants

CAMEROON – Cameroonian animal feed producer, SPC (Société des provenderies du Cameroun), is undertaking a XAF5 billion (US$9m) investment plan to expand its footprint in the country. According to the company, it seeks to open two new plants in Yaoundé and Nkolmelen, to produce animal feeds and a set up a hatchery. The investment is aimed to meet the rising local demand and the plants will be an addition to its Bafoussam facility. “We have noticed that the animal farming industry is booming in Cameroon. The boom is so notable…

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Nestlé Cameroon double plastic waste collection, recycling to 200 tons by end of year

CAMEROON – Nestlé Cameroon has doubled its plastic waste collection and recycling target to 200 tons by the end of 2021. This follows the leading food manufacturer, collecting and recycling 100 tons of plastic waste in 2020 and so far, it has managed to recycle more than 50 tons of waste as at the end of the first quarter of 2021. The Q1 milestone was reached thanks to its partnership with Namé Recycling. “Nestlé Cameroon is fully aware of its responsibility to preserve the environment and must set an example. …

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Cameroon boosts coffee value chain with launch of ultra-modern processing plant

CAMEROON – Cameroon has inaugurated a giant and ultra-modern coffee processing facility in the Northwest region with a processing capacity of one ton of green coffee beans per hour. The plant was established under the second phase of the Grassfield Rural Infrastructure and Participatory Development Support Project, with funding worth FCFA 300 million (US$554,000) from the government of Cameroon and the African Development Bank. According to reports by Business in Cameroon, the facility will enable the coffee producers of the North West Cooperative Association to add value to their coffee…

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AfDB supports Cameroon in establishment of US$119.7m livestock, fish farming development project

CAMEROON – Cameroon has launched the CFAF65 billion (US$119.7m) Livestock and Fish Farming Value Chain Development Project (PDCVEP), aimed to boost the competitiveness of the beef, pork, and fish sectors. The initiative has been funded through a loan injection of CFAF55 billion (US$101.3m) from the African Development Bank (AfDB) and capital contribution of CFAF10 billion (US$18.4m) by the Government of Cameroon. The PDCVEP is scheduled to run for the next five years, targeting to improve producers’ income and create job opportunities in the beneficiary segments, reports Business in Cameroon. To…

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UK, Cameroon pen trade partnership agreement worth US$277.3m

CAMEROON – Cameroon has signed an Economic Partnership Agreement with the United Kingdom, strengthening economic and diplomatic relations between the two countries. It is a continuation of the trade relations that the two nations already had under the bilateral Cameroon-European Union EPA agreement. Thanks to it, the two countries will serenely continue their trade relations after the withdrawal of the United Kingdom from the European Union (Brexit), on December 31, 2020. Specifically, it allows preferential access without customs duty or quotas to the British market for all the Cameroonian products…

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Cameroonian SODECOTON to build US$45.5m cottonseed oil plant, Ethiopian edible manufacturer expands facilities

CAMEROON – SODECOTON, Cameroonian state- owned enterprise in charge of managing the cotton sector, has made preparation to construct XAF25 billion (US$45.5 million) cotton seed oil production plant in Tchabal Margol-Ngaoundéré, Adamaoua. This is in anticipation to a rise in cotton production to at least 400,000 tons per annum by 2025 in the country. The new oil production plant with a daily pressing capacity of 300 tons, will be the third similar infrastructure owned by SODECOTON, joining the facilities in Garoua and Maroua, reports Business in Cameroon. To facilitate funding…

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