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Agriculture

Cameroon: The American Herakles Farms’ agro-industrial project hits snag

Cameroon: The American Herakles Farms’ agro-industrial project hits snag
  • Comments   -   Tuesday, 17 February 2015 03:06

(Business in Cameroon) - In the national and international NGOs’ outcries against the environmental threat of the palm plantations in South-West, Cameroon by the American firm, Herakles Farms, they were definitely right about the project.

Yet, the American company finally obtained, with three presidential decrees signed on November 25, 2013, 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.

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