Agro Resources to invest FCFA 26 bln in cassava,maize processing

FCFA 26 billion is the amount of the investment planned by Agro Ressources Cameroon, to build a cassava and maize processing plant in Batouri, located in East Cameroon.

The project will help create over 1,000 jobs, we learned on April 7,2016 in Yaoundé, during the signing with the Cameroonian government of the agreement granting this project the benefits provided by the law on private investment incentives in Cameroon.

According to Samuel Diboma, MD of Agro Ressources, field preparations for the installation of maize and cassava farms should start within two months, in order to launch the construction works of the processing unit by the end of 2016.

Considering the amount of the investment, the cassava and maize processing unit in development in Batouri will be one of the most important ever built in this sector in Cameroon, after Maïscam or Société de Transformation de Manioc de Sangmélima (Sotramas), a project facing operating difficulties.

With this new project, Batouri could become the main agro-industrial hub of the forestry region of East Cameroon.