Home / ECONOMY / South West: Gov’t Offers Tractors To CDC

South West: Gov’t Offers Tractors To CDC

Limbe (Fako). The Government has provided 18 new farming tractors to the Cameroon Development Corporation (CDC).

Inside sources of the CDC revealed that each of the tractors with 75 horsepower was worth some CFA 25 million making the donation an over CFA 450 million worth of an investment by the State.

Handing over the equipment last weekend at the CDC’s headquarters in Limbe, Fako Division of the South West Region, the Minister of Agriculture and Rural Development (MINADER), Henri Eyebe Ayissi, explained that it was to strengthen the corporation that employs some 22.000 Cameroonians coming as the second job provider in Cameroon.

The Minister reiterated Government attachment to the CDC with the example of a recent State assistance of CFA five billion meant to rebuild the Corporation whose name the State had just removed from the privatisation list.
While promising a judicious use of the tractors, the CDC’s General Manager, Franklin Ngoni Njie, recalled the mission of the CDC as the State-owned aggro-industrial establishment created in 1947 to acquire, to develop and to operate extensive plantations of tropical crops.

He explained that the Corporation had a total planted area of 42.000 hectares on which they cultivated and produced 18.000 tons of natural rubber, 25.000 tons of palm oil, and 110.000 tons of banana.

To achieve these, the CDC disburses CFA 2.2 billion monthly as wage bill for its workforce.

 

cameroon-tribune.cm

About admin

Check Also

Combatting COVID-19: Local Businessman Joins Battle With Face Mask Donation

      By Basil K Mbuye Buea-based businessman and owner of Eclipse Company Ltd, …

Leave a Reply

Your email address will not be published.

%d bloggers like this: