Yaoundé - 30 November 2021 -

Cameroon imported XAF120 bln worth of corn and by-products in 2020 (PM)

Cameroon imported XAF120 bln worth of corn and by-products in 2020 (PM)
  • Comments   -   Wednesday, 10 November 2021 19:05

(Business in Cameroon) - On November 5, 2021, while inaugurating the corn processing plant of Compagnie fermière du Cameroun (CFC) in Mbankomo, not far from Yaoundé, Prime Minister Joseph Dion Ngute regretted the impact the importation of corn and by-products (like grits used by breweries) have on Cameroon’s trade balance. 

"(...) The annual national production is estimated at 2.3 million tons while the needs are estimated at 2.8 million tons. That is a 500,000-ton deficit. This gap forces recourse to imports of corn and its by-products. In 2020 alone, over XAF150 billion was spent to import those products, negatively affecting the country’s trade balance, " the Prime Minister said.  

The official revealed the figures while praising the investment undertaken by SABC group to develop the corn value chain in Cameroon.

Indeed, brewers and breeders are forced to import the corn and by-products they need for their operations because the local production is insufficient to meet the demand. So, to address this situation and end its corn grits imports, SABC, the main brewing group in Cameroon, decided to establish CFC, a subsidiary dedicated to corn processing. 

Through its processing plant, CFC will produce 30,000 tons of grits every year by processing 60,000 tons of raw corn purchased from local producers under its supervision. It will complement this production with the 10,000 tons of grits it buys from Maïscam annually, therefore effectively ending its corn grits imports.

Most of Cameroon's corn production is destined for household consumption. According to a study by the Enterprise Upgrading Office (BMN) presented in Douala last August 25,  58% of the local corn production is self-consumed while 16% and 2% respectively are used for animal feed and agro-industries (agroindustry operators are the largest corn importers in the country). 

Brice R. Mbodiam

Cameroon plans to raise XAF184 billion from the local banking sector in 2022, the 2022 draft bill currently being reviewed by the parliament reveals....
In its capacity of executing agency for the reconstruction of the Northwest and Southwest, the UNDP resident representative signed a XAF1 billion...
The 700 local firms offering subcontracting services in the Cameroonian electricity sector generate XAF40 billion turnover annually. The figure was...
South Korea will invest XAF4 billion for the construction of three digital campuses in Cameroon in 2022, according to Jonghan Kim, South Korean ambassador...

Mags frontpage

Business in Cameroon n105: November 2021

Forget cash, Cameroonians are in on e-money!

Erwan Garnier: “Clearly, the Cameronian hospitality sector will develop”

Investir au Cameroun n115: Novembre 2021

Adieu le cash Les Camerounais s’emparent de la monnaie électronique

Erwan Garnier: « Le secteur hôtelier camerounais va clairement se développer »

  1. Most read 7 days
  2. shared 1 month
  3. read 1 month