Yaoundé - 02 October 2023 -

Cameroon: Socapalm will invest FCfa 38.2 billion for the expansion of its farms

Cameroon: Socapalm will invest FCfa 38.2 billion for the expansion of its farms
  • Comments   -   Sunday, 27 December 2015 10:50

(Business in Cameroon) - The Société Camerounaise de Palmeraies (Cameroonian Palm Company), a company owned by the Socfin group and listed on the Douala Stock exchange (DSX), the Cameroonian equities market, is considering investing FCfa 38.2 billion for the expansion of its farms in the Littoral region.

The news was recently revealed in Yaoundé, the Cameroonian capital, during a agreement signing ceremony with the government. This agreement thus gives Socapalm the advantages provided for by the law on encouraging private investment in Cameroon, which grants investors 5 to 10 years of exemptions, throughout the installation and production stages.

Leader in the palm oil production in Cameroon, Socapalm operates more than 78,500 hectares of palm grove in the Littoral and Southern regions. Approximately 32,500 hectares are directly exploited. A great part of the farms supplying the raw material to the company are village farms, whose operators are under contract with Socapalm.

The palm grove expansion project, which should enable the creation of an additional 816 jobs according to our sources, aims to increase the production of this food company, in order to lower the national production deficit in palm oil, which only yearly imports of 15,000 to 16,000 tons can compensate for.



The Cameroonian Trade Department announced the introduction of a special facility to support the population in this tough economic context. Minister Luc...
Cameroon’s national refinery- Sonara signed last September 29 a deal with Trafigura PTE LTD to restructure CFA14 billion owed to the Swiss trader. Per...
The Algerian national airline, Air Algérie, is preparing for its first flight from Algiers to Douala on October 12. This information was revealed by the...
Only a few months after their release, forgers have already found a way to make the counterfeit versions of the new range of banknotes put into...

Mags frontpage

Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer

Albert Zeufack: “Today, the most important market is in Asia”

Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir

Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »