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Yaoundé - 29 March 2024 -
Agriculture

Cameroon: SEMRY plans XAF4.2bln investment in 2019  

Cameroon: SEMRY plans XAF4.2bln investment in 2019  
  • Comments   -   Friday, 01 March 2019 15:37

(Business in Cameroon) - Cameroon’s rice development firm in the northern region SEMRY secured an investment of XAF4.2 billion for 2019, according to the last Board official statement.

While not much is said about the type of investment planned for the year, it seems that part of the related envelope will be allocated to the acquisition of new shelling units, the lack of which makes Cameroon exports paddy rice to Nigeria, where shelling units are widespread.

Let’s note that Cameroon’s annual rice production is barely 100,000 tons while domestic demand exceeds 300,000 tons.

BRM

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