Cameroon: Sodecoton paid over FCfa 78 billion to producers for the 2015-2016 season
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Comments - Friday, 20 May 2016 09:49
(Business in Cameroon) - The Cotton Development Company (Sodecoton), the leading agro-industrial company in northern Cameroon, bought slightly over FCfa 78 billion worth of cotton from producers during the 2015-2016 season, we learn from an official communiqué issued by the company.
According to the same source, the 250,000 producers this public company manages with the support of the National Confederation of Cotton Producers of Cameroon (CNPCC), each year receive loans worth approximately FCfa 38 billion for the purchase of inputs.
In order to facilitate the collection of the production from producers, we learn, Sodecoton maintains every year about 7,000 km of roads in northern Cameroon. This agro-industry also claims the creation of 26 km of track roads, again for the collection of the cotton produced.
BRM
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