logoBC
Yaoundé - 21 January 2022 -
Agriculture

Cameroon: State agribusiness firm CDC resumes operations at the Debundscha oil palm plantation previously controlled by armed groups

Cameroon: State agribusiness firm CDC resumes operations at the Debundscha oil palm plantation previously controlled by armed groups
  • Comments   -   Tuesday, 11 January 2022 13:37

(Business in Cameroon) - State-owned agribusiness firm CDC is gradually resuming its operations in the South-West, which was previously controlled by separatist armed groups. 

According to information gathered on-site and from the firm, CDC’s oil palm plantation based in Debundscha, Idenau, close by the Atlantic Ocean, became operational in late 2021. The said site has been inoperational for almost four years because of armed groups, who forbade access and assaulted daring workers.

“We resumed palm nut picking activities when the army successfully restored security on the site. Employees who were previously afraid restarted their care for oil palms. Activities have picked up again,” the CDC said. 

In 2018, 12 of the 29 sites were outright inoperational, according to a report by the GICAM, Cameroon’s largest employers’ grouping. Some Armed groups even transformed some of the sites as bases, chasing workers away. Because of that, 6,124 jobs were lost.  With the resumption of activities at Debundscha, those jobs will be gradually recovered. 

The resumption of Debundscha oil palm plantations is good news for CDC’s economic recovery. Indeed, the security crisis in the North-West and the South-West that greatly affected economic activities in the regions also substantially hit CDC. In 2019 and 2020, the firm recorded a XAF8 billion net loss, according to figures from the Ministry of Finance. 

Sylvain Andzongo

cameroon-to-disburse-xaf3-7-bln-to-settle-part-of-pamol-plantations-salary-arrears-and-social-debts
The government plans to release XAF3.7 billion to help state-owned company Pamol Plantations Plc settle part of the debt it owes employees.  Indeed,...
cameroon-new-agribusiness-firm-cfc-increases-capital-4-folds-to-xaf10-bln
On January 12, 2022, Compagnie fermière camerounaise (CFC), the new subsidiary inaugurated (on November 5, 2021) by leading brewing group SABC increased...
promote-2022-afriland-first-bank-commits-to-sponsoring-20-smes
On January 19, 2022, Inter-progress Foundation, the organizer of the Yaoundé́ International Exhibition for SMEs and Partnership (PROMOTE), signed a...
sabc-group-inaugurates-new-research-and-development-laboratory
Société Anonyme des brasseries du Cameroun (SABC), a subsidiary of the French group Castel, inaugurated its new research and development laboratory in...

Mags frontpage


Business in Cameroon n106-107: December 2021-January 2022

Nine projects and innovations that demonstrate Cameroonians’ genius


This is how Gozem plans to revolutionize the transport sector in Cameroon


Investir au Cameroun n116-117: Decembre 2021-Janvier 2022

La preuve par 9 du génie camerounais


Comment Gozem veut révolutionner le transport urbain au Cameroun