Yaoundé - 26 February 2021 -

Cameroon seeks investors for large rice-growing project in the Far-North

Cameroon seeks investors for large rice-growing project in the Far-North
  • Comments   -   Friday, 13 December 2019 12:46

(Business in Cameroon) - On December 5, 2019, Cameroon, through the ministry of agriculture and rural development (Minader) issued a call for expression of interest for local and foreign investors wishing to exploit agricultural land developed for rice production in the department of Logone et Chari, in the Far North.

The project will be carried out on an area of more than 10,000 hectares, out of the 13,102 hectares developed for this purpose in the districts of Zina (6521 ha), Makary (411 ha), Logone Birni (970 ha). In the area of Mara, Goulfey, Moulouang, Hilél and Goulfey Gana, the project will cover 2,200 ha.

Through this project, the Cameroonian government wants to increase rice production in the northern part of the country, which rarely exceeds the 100,000 tonnes produced by the Société d'expansion et de modernisation de la riziculture de Yagoua (Semry).

This call for expression of interest comes amid Cameroon’s crusade against massive food imports that greatly affect the country’s trade balance.
One of the food products massively imported by the country is rice, which cost the country XAF508.5 billion between 2015 and 2017, according to figures published by the ministry of commerce.

By way of comparison, the value of rice imports during the period specified is 1/3 of Cameroon's 2020 public investment budget.

Brice R. Mbodiam

Cameroonian customs authorities announce that they will soon introduce a feature to their IT platform Cosmos  to help identify cars being used without...
The Cameroonian start-up Diool, which specializes in mobile payment methods aggregation, recently raised $3.5 million (XAF1.8 billion) to develop...
On February 16, during an audience at the Cameroonian Ministry of Finance, Stéphane Dopagne, ambassador of the kingdom of Belgium, asked for facilities...
On February 15, 2021, the Ministry of Public Contracts (MINMAP) published a circular letter reminding project owners and delegated project owners...

Mags frontpage

Business in Cameroon n96:January 2021

Cameroon moves to the industrial phase

Mathurin Kamdem, a determined patriot

Investir au Cameroun n106 Janvier 2021

Le Cameroun passe à la phase industrielle

Mathurin Kamdem, un patriote déterminé

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