British company to take over sugar production

A British company known as Justin Sugar ltd based in London is gearing up to take full control of the sugar production project in the Eastern region following a series of agreements reached between the British partners and the Cameroon government recently.

According to a letter drafted on the 13th of May in London and addressed to Emmanuel Bonde, Minister of mines, industries and technological development, Jeroen C Geut, group accountant who signed on behalf of Justin Sugar ltd London gave clear cut answers with regards to “New investment for Justin Sugar Mill SA Bertoua, Cameroon” as requested by the Prime Minister, Philemon Yang in a previous correspondence to Justin Sugar ltd London.

In the letter, the British partner’s agreed to pay all debts to suppliers incurred up to date in the ongoing project located in Badongoue in the Batouri sub division and to pay off the sum of 562, 500, 000 CFAF invested in the project by 11 local councils in the East region.

The letter was followed by a trip to Cameroon by some members of Justin Sugar ltd during which high level talks were held with the Cameroon government. At the end of the meeting, to was clear to everyone that the British company will soon enable the project to take off.

After the meeting in Yaounde, the British partner’s under took a field trip to the East where they held closed-door talks with the governor, Ivaha Diboua.

From all indications things are now set for the giant project to take off. As of now, sugar cane plantations are fast growing.

The industrial complex is expected to operate in three localities namely; Batouri, Tikondi and Badongoue.

The industrial project according to experts will necessitate an initial investment of about 60 billion CFAF and will generate 5000 permanent and 12.500 seasonal jobs for a period of nine months each year giving a total of 17, 500 jobs.