Sodecoton sets 24.6 billion FCFA budget for 2015

At its last board meeting held on December 29, 2014 in Yaoundé, Société de développement du coton (Sodecoton), the gem of the agro-industrial sector in northern Cameroon, adopted its 2015 investment budget.

According to a press release issued by the company following the meeting, Sodecton plans to invest 24.6 billion FCFA this year. Out of this total, the sum of 21.7 billion FCFA was brought forward from 2014’s budget.

Investments planned for this year have not been officially announced by the company, but official sources have revealed that Sodecton plans to modernise and increase its oil trituration and refinement capacities by approximately 50% in the medium term.

Currently at between 16,000 and 18,000 tonnes, these capacities will be raised to 24-27,000 tonnes of “Diamaor” oil.