logoBC
Yaoundé - 26 March 2019 -

port douala uk 1

Agro-industry

Cameroon: Rubber exports dropped by 24% in 2018, due to difficulties facing CDC

Cameroon: Rubber exports dropped by 24% in 2018, due to difficulties facing CDC
  • Comments   -   Monday, 04 March 2019 13:59

(Business in Cameroon) - Exports of raw rubber in Cameroon shrunk by 24% last year, statistics from the National Balance of Payments Technical Committee showed.

Whilst the committee gave no reason for this decline, experts attributed it to the difficult times facing Cameroon Development Corporation (CDC), the public agro-industry that operates thousands of hectares of rubber, palm and bananas in the southwest ; a region which has been plagued by separatist violence along with the northwest for two years.

According to a report by the employers’ association -Gicam, many plantations have become training camps for the separatists and CDC employers fled fearing violence ; a situation that caused production to stop at several sites.

“We need security to protect our employees and fields from repeated attacks from people who don’t want us to prosper,” MD Franklin Ngoni Njie said, stressing that the company needs about XAF7 billion to restart rubber production. CDC aims to become a rubber exporter along with Hevecam and SudCam Hevea.

Brice R. Mbodiam

Mags frontpage


Business in Cameroon n73: March 2019

A heavy import bill

An expert review of Cameroon’s agricultural sector



Investir au Cameroun n83: Mars 2019

La douloureuse facture des importations

Parole d’expert : le point sur le secteur agricole camerounais