CDC to invest FCFA 519.2 mln in banana production

The Cameroon Development Corporation (CDC) has stated that it would invest just over 519.2 million CFA francs to strengthen its Banana production unit.

La Nouvelle Expression reported that this fund will be used for the acquisition of three tractors; “a 4wd tractor with loader shovel, 4wd125-160 HP tractor and a tractor 70-90 HP”.

Similarly, the funds will help to strengthen the energy mix, through the acquisition of an 810 KVA generator with associated components and installation cables for Koke pumping station.

Three companies have been selected to carry out this work. They are Cis Sarl, CFAO Equipment Cameroon, and Samarco Enterprise.

This investment program is in addition to two major projects launched in 2015, according to La Nouvelle Expression.

The oil mill of its stimulus program, through the renewal of the accessories in sterilization cars; the supply of spare parts for steam turbines KKK; the supply of spare parts for the palm nut Wang Yuen;the supply of spare parts for palm oil separators; the provision of parts of a palm oil press 15 tons per hour; and the provision of refractory materials. The amount of about 244 600 000 FCFA was released.

Another target of the CDC in 2015 was the living conditions of its workers in the rubber camp; Kotto to Magamba and Kompina (South West Region).

Approximately 179 million CFA francs have already been put on the table for the construction of 210 rooms in January 2016.

The positioning of the CDC in the banana market is not accidental. The public company does not want to fall behind by society Plantations du Haut Penja (Php) which announced its intention to increase its banana production to 170 000 tonnes in 2015 (against 157 000 tonnes in 2014).

The increase in production in two large agro-industry plantains in Cameroon should cover domestic production above 300 000 tonnes (approx).