(Business in Cameroon) - Out of the FCfa 12 billion in investments required for the construction of its soya processing unit in Yato, located in the Littoral region in Cameroon, the company Soyobeans Processing Industry of Cameroon (Soproicam) has already raised close to FCfa 5 billion, including FCfa 3 billion in shareholders’ equity, we learned from reliable sources.

The sponsors of the project are therefore actively seeking funding worth a total of FCfa 7 billion for the development of this agro-industrial unit. To achieve this, discussions are currently underway with the National Bank of Economic and Social Development of Brazil, as according to our sources, a Brazilian company could be on the verge of signing a joint-venture with the Cameroonian sponsors.

As a reminder, based on current forecasts, the Yato agro-industrial unit is planning to produce 50 tons of soybean oil per day. The same quantity of soya press cake will also be produced on a daily basis, our sources indicate.

BRM