(Business in Cameroon) - On April 12, 2014, Cameroonian Minister of Agriculture, Essimi Menyé and the German consortium, Agriculture Company (AGCO), signed an agreement for agricultural mechanisation. According to AGCO head, Rabe Yahaya, the German consortium will contribute to increasing agricultural production in Cameroon thanks to the provision of Massey Ferguson tractors as well as 60 tonne-per-hour harvesters.
This agreement, which will mainly be implemented in corn cultivation, will also integrate AGCO’s implementation of an information centre to train youth in aviculture. “We want to move from the creation of corn fields to the production of finished products such as chicken,” explained Minister Menyé. Indeed, aviculture and corn are closely linked in the sense that corn is the main ingredient in the feed (70%) that chickens are given.
Created in 1990 in Germany, the AGCO consortium became the giant of agricultural mechanisation worldwide by holding interest in, absorbing or creating joint ventures with companies of the same sector in America and in Europe. AGCO, which also plans to enter markets in the emerging countries of Asia, has several assembly factories around the world, but especially from a distribution network of 2,600 independent partners in 140 countries.