According to data from the banana exporters’ association (Assobacam), the Cameroon Development Corporation, the country's largest private employer, exported 301 tons of banana in June 2020. This means the agribusiness company is back on the country’s banana exporters’ list, after 19 months of absence.
The operator stopped operations in September 2018 due to the insecurity created by English-speaking separatists in the North-West and South-West regions of Cameroon. After over a year of absence, this public agro-industrial unit is once again active and automatically repositioned itself as number 2 on the banana market, behind Plantations du Haut Penja (PHP) and ahead of Boh Plantations Plc.
The revival of CDC’s activities was expected since the 3rd quarter of 2019. According to internal sources in Assobacam, after numerous governmental consultations on the company’s situation, it was already projected that by that time, the company would resume activities over 1,000 hectares.
However, businessincameroon.com reports that the company’s managers indicated that to recover from the damages caused by the crisis in the English-speaking regions, CDC would need CFAF29 billion from the state, its sole shareholder. This financial need has probably shot up now.
Assobacam says that banana exports rose by 10 per cent to 15,641 tonnes in June, 2020 as against 14,205 during the same period in 2019.