(Business in Cameroon) - The Cameroon Development Corporation (CDC), the public agro-industrial company that works in banana desserts, hevea and oil palms in the South-West region, is currently in financial difficulty partially due to the decrease in the price of rubber on the international market. This was revealed by the Minister of Agriculture, Essimi Menyé, when announcing the appointment of Mutanga Benjamin Itoé on August 18, 2014 as the company’s first board chairman.

In an effort to improve returns from its traditional sectors the Minister of Agriculture encouraged the new board chairman to work on rejuvenating plantations and its aging workforce. The CDC is the second largest employer in Cameroon after the State, with a total of 22,000 employees compared to 200,000 in the government service.