The largest employer after the Cameroon government has been handed over to foreign investors. A CDC protocol agreement signed on Wednesday 20th June, 2018 in Yaoundé finally brought to reality the much rumoured speculation of privatisation. Three companies: Tylium from Egypt, Fertilore and Timac Agro from France are the new owners of the multi agro industrial establishment in Southern Cameroons.
Cameroon Concord News sources revealed that Tylium is interested in the palm oil and rubber sectors, while the two French firms want to revamp production and fertilization of the CDC plantations. Present during the signing of the protocol agreement were the Minister of Agriculture and Rural development and the General Manager of Cameroon Development Corporation, Njie Franklin Ngoni.
Cat calls have greeted the deal with many Southern Cameroonians saying that the timing of the sale was deliberate and an act of economic war against Ambazonians by the Francophone dominated government of President Biya. An aide to Acting President Dr Ikome Sako was quoted as saying that French involvement in CDC is a calculated strategy to stifle the Southern Cameroons resistance.
The historic agro industrial plant in West Africa now has only the medical and technical services including the head office. Banana and tea had been long privatized