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Cameroon: New Sugar Company Goes Operational
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Cameroon Tribune (Yaoundé)
17 April 2008
Posted to the web 17 April 2008
Lukong Pius Nyuylime
Sugar production in Cameroon will swell by 60,000 tons beginning 2009 following the entry into the sugar market of a new company, the Forzi Sugar Company Limited. A protocol agreement was yesterday signed between the government, represented by the Minister of Industries, Mines and Technological Development, Ndanga Ndinga Badel and the Inventor, President of the Forzi Sugar Company Limited, Forzi Nkemmayang to enable the latter implant its factory and plantations in the South West and North West provinces.
The company is expected to within the next six months from the date of the signing of the agreement, assemble more than CFA 10 billion for the execution of the project which will have as headquarters Mbonge in Meme Division. The first sugar complex to be set up by the company will be constructed in Efolofo village, chiefdom of Bomboko-Bamboko.
"Our company will be producing ethanol petrol from our sugar by-product called molasses and will also produce paper from another sugar by-product called bagasse", Nkemmayang assured government in his speech during the signing ceremony. According to the boss of the Forzi Sugar Company Limited, electricity will equally be produced from the by-products in combustion system know-how. "This will be consumed by our sugar industrial complexes and the neighbouring villages", he said.
In effect, the new company which is arriving just in time when sugar production remains far short of demand, estimated at over 900,000 metric tons, will be establishing over five industrial complexes within its ten years of operation. It is projecting to produce over 1.5 million tons within this period.
Impressed by the ambitious nature of the project, Minister Ndanga Ndinga Badel in his speech congratulated the initiators of the company and the company's board of directors for the "magnificent work". "The signing of this protocol points to the determination of the government to encourage industrial initiative, notably those that have to do with processing of ram material", Minister Ndanga Ndinga said. The government, he said will through its weight of support behind the company to ensure its success.
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About 80 per cent of the Forzi Sugar Company Ltd are owned by Cameroonians and the rest by foreigners. The feasibility study of the company has been realised with financiers and technical partners from South Africa. The company will be employing 39,000 people beginning with 4,748 in its first year of operation.
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