(Business in Cameroon) - Shareholders of the Pamol agro-industrial company have been invited to an extraordinary general assembly held on 27^th April 2015 in Yaoundé to authorise the Managing Director to approach local and international banking institutions for the necessary funding to build a 30 metric tonne (MT) per hour palm oil production plant.

The investment of an undisclosed sum is a part of a contract plan signed between the Cameroonian government and Pamol within the framework of the agro-industrial company’s upgrading.

The 14 billion FCFA contract plan also involves the construction of a soap factory, a facelift for the company’s oil palm plantations, and new plantations including a 500 hectare plantation to be created in the Bakassi Peninsula, an area once disputed by Nigeria and Cameroon.