(Business in Cameroon) - During his visit in Cameroon on 6 and 7 April 2016, Seydou Bouba, Deputy Administrator of the World Bank for French speaking countries went to Ngoulémakong, in southern Cameroon. According to the local branch of the World Bank, this town, a main production area of cassava, will soon host a processing unit to turn cassava into starch and others derivatives, in order to supply a food processing plant yet to be revealed.

This project of FCfa 441.4 million, we learned from reliable sources, will be receive 50% (FCfa 220.7 million) of its financing from the Investment and Development Project for Agricultural Markets (in French PIDMA - Projet d’investissement et de développement des marchés agricoles), led by the Ministry of Agriculture and with a FCfa 50 million financing from the World Bank.

The project is sponsored by the Société coopérative des producteurs de manioc of Ngoulémakong (Ngoulémakong Cassava Producers Cooperative), who will raise 10% of the financing, while 50% (FCfa 176.5 million) will be granted as a bank loan. The processing capacity of this unit has not yet been specified.

However, the future unit will be the second one to be installed in this town which officially produces 76,000 tons of cassava every year. Indeed, last year, the Cameroonian Minster of SME, Laurent Serge Etoundi Ngoa, commissioned in Ngoulémakong the cassava processing and marketing unit (UTRACOM - Unité de Transformation et de Commercialisation du Manioc). This plant has a processing capacity of 7 to 8 tons per day.

BRM

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