(Business in Cameroon) - The Cameroonian minister of agriculture, Henri Eyébé Ayissi (photo), transmitted, on behalf of President Paul Biya, a cargo of 2,250 tons of fertilizer to the national cotton producers association (Cnpcc), we officially learnt.
The ceremony took place in Garoua, the North’s regional capital, which houses the headquarters of the cotton growing company Sodecoton which oversees about 250,000 producers of the Cnpcc. Worth CFA1.3 billion, the farm inputs were granted as part of the government's three-year Emergency Plan (Planut).
The move is to help improve Sodecoton’s production which returned to profitability in 2017 following three successive gloomy years. In 2017, the company reported a net result of CFA4.3 billion after cumulative losses of CFA35.6 billion over the previous three years.