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Infos Business of Mardi, 17 Février 2015

Source: Business in Cameroon

American Herakles Farms’ agro-industrial project hits snag

The national and international NGOs’ have raised issues against the environmental threat by the palm plantations in South-West, Cameroon by the American firm, Herakles Farms and they are definitely right about this project.

Besides these allegations, the American company has finally obtained three presidential decrees which were signed on November 25, 2013, for a provisional deal on close to 20,000 hectares of land. The agro-industrial company had 73,000 hectares, according to the convention signed with the Cameroonian government in 2009.

With activities being suspended for a year, the spectre of not obtaining a definitive deal and the possibility of plain and simple abandonment of the project by Herakles Farms are growing more and more.