Cameroonian Livestock Development Corporation becomes a full fledged public entity

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

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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Cameroonian government seeks to partner with potential investors in establishment of country’s food processing sector

CAMEROON – The government of Cameroon through the Ministry of Livestock, Fisheries and Animal Industries (Minepia) has issued a call for expression by interested investors wishing to invest in the country’s animal by-products processing sector. To facilitate the project, the government has received funds from World Bank in the framework of the Livestock Development Project known as PRODEL. The government will co-fund with the qualified private investors in the establishment of the processing units to the tune of XAF150 million (US$274,000) – XAF350 million (US$641,000), or 60% of the budget…

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Banana exports from Cameroon declined by 8% in 2020 despite resumption of operations by CDC

CAMEROON – Banana exports from Cameroon in 2020 amounted to 187,884 tons, an 8% decline from the previous year’s 204,320 tons. According to the Banana Association of Cameroon (Assobacam), the 17,436 tons dip will result in revenue decline from 2019’s XAF 136 billion (US$250m). The country’s leading exporter Plantations du Haut Penja (PHP), subsidiary of Compagnie fruitière de Marseille, saw its exports decline by 20, 6613 tons from 187, 423 tons attained the previous year to 166, 726 tons in 2020. The same down trend performance was reflected by Boh…

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Cocoa processor in Cameroon eyes export market with establishment of US$73.8m processing plant

CAMEROON – Atlantic Cocoa Corporation, an Ivorian cocoa processor with operations in Cameroon is set to commence operations at its newly built processing plant worth XAF40 billion (US$73.8m). According to reports by Business Cameroon, the new factory has a production capacity of 48,000 tons expandable to 64,000 tons and is scheduled to load its first derived products for exports on December 12, 2020. The plant was scheduled to be operational since 2018 but it encountered several challenges, namely insufficient energy and water supply, poor quality of communication and internet networks,…

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Carrefour set to open fourth outlet in Cameroon in expansion spree

CAMEROON – French retail group Carrefour in partnership with CFAO retail is planning to open its 4th store in Douala, Cameroon as part of its strategy to conquer the Sub-Saharan African retail market. The new outlet to be opened before the end of the year will be the 3rd in Douala, hosted inside the Douala Grand Mall, reports Business in Cameroon. Carrefour opened its first outlet in the country in 2017 in Bonamoussadi, Douala. In September it opened its second store in the city. In the framework of its sub-Saharan…

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European Union boosts Cameroon’s dairy processing capacity with US$11.77m

CAMEROON – The European Union has marked the completion of the XAF13.11 billion (US$23.7m) Agricultural Productivity Enhancement Program (SAPEP) in Cameroon with the launch of mini dairy processing plants in the Northern region of the country. The dairies located in Maroua, Garoua, Ngaoundéré, and Meiganga will undertake milk processing, expanding the regions offering from fresh milk to pasteurized milk, yogurt, table butter, ice cream, and cheese, among other products. According to reports by Business in Cameroon, EU has injected XAF6.5 billion (US$11.77m) in the dairy program, boosting the country’s daily…

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Agtech start-up based in Cameroon seeks US$207K to expand operations

CAMEROON – Promagric, an agtech solution provider based in Cameroon has initiated a fundraising campaign aimed at raising XAF115 million (US$207k). The start-up seeks to acquire the funding to enable it mass produce its soil analysis kits, reports Business in Cameroon. Already adopted by more than a thousand African farmers, the smartphone-based technological solution called ClinicAgro uses BigData technologies, artificial intelligence and the Internet of Things to instantly deliver soil and plant analysis results to users. “We have orders in Cameroon, Togo and Côte d’Ivoire that we cannot fulfil. To…

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Cameroon records 19k tons decline in banana exports in first nine months

CAMEROON – Cameroon, one of the largest banana exporters in Africa, has reported a 19, 387 tons decline in exported amounts of the commodity, in the first nine months of 2020. According to the Banana Association of Cameroon (Assobacam), during the period under-review, the country exported a total of 136,048 tons of bananas, a drop from 155,435 tons attained last year. The decline is attributed to unfavourable weather conditions which prolonged the dry season leading to low yields. Among the three main exporters, Plantations du Haut Penja (PHP), subsidiary of…

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Cameroon, IFAD join hands to boost food security, support small-scale farmers

CAMEROON – The International Fund for Agricultural Development of the United Nations (IFAD) has announced a US$59.9 million investment to fund a six-year extension of the successful Commodity Value Chain Development Support Project (PADFA) in Cameroon. Gilbert F. Houngbo, IFAD President, and Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development of the Republic of Cameroon met virtually to sign the financing agreement for the second phase of the Commodity Value Chain Development Support Project (PADFA II). Cameroon has great potential to meet its food demand and improve the…

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