Tag: Cameroon

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

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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

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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

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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

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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

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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

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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

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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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Banana exports from Cameroon rise by 13.2% YoY attributed to bullish performance by all main exporters

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CAMEROON – Cameroon exported 17,258 tons of bananas in February 2021, a 13.28% year-on-year rise from the 14,965 tons exported in February 2020. According to data compiled by the Banana Association of Cameroon (Assobacam), the increase in exports was spurred by the commendable performance by all the three main market players. Plantations du Haut Penja (PHP), a local subsidiary of the French group Compagnie fruitière de Marseille exported 14,233 tons of bananas, a rise from 13,847 tons registered the previous year, representing a 2.71% jump. Over the same period, state-owned…

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Cameroonian Livestock Development Corporation becomes a full fledged public entity

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CAMEROON – The government of Cameroon has inked a decree transforming Livestock Development Corporation (SODEPA) into a state-owned company. This transformation, according to Business in Cameroon, gives SODEPA “legal personality and financial autonomy and also gives it room to create antennas, offices, or representations, if necessary, inside or outside the national territory by resolution of the board of directors. Prior to that decree, the corporation was a state-owned company but its operating powers were limited.  The transformation of this company into a public corporation was a recommendation made by the…

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Cameroonian cocoa value chain players collaborate in implementation of zero-deforestation frame work

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CAMEROON – Cameroon has set up a policy framework for sustainable and zero-deforestation cocoa production led by the Ministry of Agriculture and Rural Development, in collaboration with the Ministry of Commerce, Ministry of Forestry and Wildlife, Ministry of Environment and Sustainable Development. The ‘Roadmap to Deforestation-free Cocoa’ is a partnership between the public sector, private sector, civil society, farmer organizations, research institutions, development partners and other stakeholders in the value chain. Its objective is the preservation and rehabilitation of forests that have been degraded by human activities, in particular encroachment…

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