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Rubber processing and palm oil production: two 51.7 billion CFA factories under construction

28/11/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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The Government of Cameroon and the British Bank Standard Chartered Bank London plans to sign two loan agreements worth an amount total of 51.7 billion FCFA. This loan is intended for the construction of two rubber processing and palm oil production plants for profit from the CDC.

The two loan agreements respectively of 47 billion FCFA and 4.7 billion FCFA, are intended for the construction of two rubber processing and palm oil production plants for profit from the Cameroon Development Corporation (CDC), public agro-industrial unit that operates banana plantations, rubber trees and oil palm trees in the South-West and Coastal regions.

The bank loan being finalized, comes in a context of recovery of this public company, marked in particular by settling its social debt. On September 17, 2025, at the in favor of an agreement between the State of Cameroon and a local banking pool, the The government settled 15.7 billion FCFA in wage arrears due to employees of the CDC, on a global debt estimated at 35.7 billion FCFA accumulated between 2018 and 2022.

A first installment of 20 billion FCFA had already been paid in June 2024, according to the Minister of Finances, Louis Paul Motazé. In the wake, 24.1 billion FCFA in arrears of social security contributions have been paid off, while the CDC tax debt, estimated at 31.8 billion CFA francs, was taken over by the State and then incorporated into the capital of the company. The financial part of the recovery is now complete, the sole shareholder focuses its efforts on capacity building industrial through the two new factories in gestation.

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