Cameroon: Indian Shapoorji Pallonji plans a 10,000-ha hydro agricultural scheme in the Far North

Agriculture

Cameroon: Indian Shapoorji Pallonji plans a 10,000-ha hydro agricultural scheme in the Far North

Comments

- Thursday, 13 December 2018 12:49

(Business in Cameroon) - As part of a MoU signed Dec 12 in Yaoundé with the Cameroonian government, India’s Shapoorji Pallonji and Company Private Limited will set up a hydro-agricultural development over 10,000 ha in Logone Birni district, Far North region.

The project plans the development of areas dedicated to rice cultivation and the construction of a paddy rice husking unit as well as capacity building for rice growers.

It is included in a component of the government’s 3-year Emergency Plan to Accelerate Growth (Planut) which aims at developing 120,000 ha of hydro-agricultural schemes, we learnt.

BRM

Follow @investcameroun

Cameroon Investment Forum wraps up with honors for investment champions

The 4th edition of the Cameroon Investment Forum (CIF), hosted by the Investment Promotion Agency (API), concluded on April 19 in Douala with the...

Douala Municipality takes legal action against banks over loan guarantee for market project

Douala Urban Community (CUD) filed a lawsuit on November 2, 2023, against Afriland First Bank (AFB), Commercial Bank-Cameroon (CBC), and Sicc Congo...

BEAC to introduce new coin range to tackle persistent shortage

The Bank of Central African States (BEAC) is set to release a new range of coins in 2024, according to internal sources at the central bank. The...

Cameroon-E. Guinea maritime line sets sail, prices and options revealed

Cameroon's ambassador to Equatorial Guinea, Désiré Jean Claude Owono Menguele, announced on April 19 the launch of a maritime line for transporting goods...