6:11 am - Thursday November 15, 2018

Statement of Assurance

Conscious of the ongoing difficulties faced by the Cameroon Development Corporation (CDC) as a result of the current socio political unrest in the North West and South West Regions, acknowledging the fact that ten of our estates are almost entirely shut down, putting over five thousand jobs at risk, we wish to state that, being the sole owner of the Cameroon Development Corporation (CDC), the State of Cameroon has duly been informed of the prevailing situation. While waiting for the State to provide a lasting solution to the crisis, all workers of the Cameroon Development Corporation are enjoined to remain calm and forward looking, as management is doing all it takes to ensure that things unfold in their best interest. We are hopeful that the powers that be will do all that is necessary to keep the CDC afloat.

The Cameroon Development Corporation is an Agro-Industrial Complex that grows, processes and markets tropical export crops. It operates in Cameroon in the Central African sub-region. It is a parastatal company with curent share capital of 35,718,806,000 FCFA, and its operations are coordinated by the General Manager and governed by a Board of Directors presided by a Chairman. Currently, its plantations cover a total of approximately 42,000 Hectares of land, 38,000 Hectares is mature and of production stage. The corporation constitutes a workforce of over 22,036 employees, including temporary workers, making it the second highest employer after the state of Cameroon. Its major products include banana, semi-finished rubber, palm oil and palm kernel oil.

Interview of the General Manager of the C.D.C, Mr Franklin NGONI NJIE on the effects of the ongoing socio-political crisis on the C.D.C. First broadcast on CRTV, Cameroon Calling on August 5, 2018.