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Cameroon – Agriculture: With the Malaysian Felda Ipco, the billionaire Nana Bouba goes to the conquest of the market of the palm oil

With the Malaysian Felda Ipco, the billionaire Nana Bouba goes to the conquest of the market of the oil of palm
Written by Deckson N.

The Nana Bouba Group, founded by the billionaire of the same name (photo), launched in 2016 in the Coastal region of Cameroon, notably in Yabassi in the Nkam division, a gigantic project of creation of palm plantations. Thus, under the banner of a new company called Greenfield SA, the first 500 hectares were planted last year.

In 2017, this company, co-funded by this agro-industrial project (total investments estimated at 70 billion CFA francs) by experts from the Malaysian public company Felda Ipco, aims to plant an additional 1000 hectares of oil palm Reaching 30,000 hectares in the long term. At the rate of 1000 hectares planted each year.

In the specifications of Greenfield SA, according to our source, it is also planned to build a life base for about 3500 workers to work in these plantations, to accompany the local populations in the establishment of village plantations of Oil palms on about 1,500 hectares, and the installation of oil mills (production capacity of 10 to 15 tons per hour), the first of which is expected to be operational in 2020.

The shipments of palm oil from these oil mills will enable the Nana Bouba group to ensure its autonomy in terms of supplying its Azur SA refinery, which specializes in the refining of palm oil and the production of household soap.

But, overall, the palm groves and oil mills of Greenfield SA will boost the national production of palm oil, which is declining over the years, officially for climatic reasons. Indeed, according to the Committee for the Regulation of the Oilseed Sector, the structural deficit recorded in this area, which culminated at 100 000 tonnes per year, now reaches 130 000 tonnes in 2 years.

After constructing his fortune and reputation in the distribution of consumer products (Soacam), agri-food (Sagri), oilseed processing (Azur), BTP (Berni SA) and the production of hygienic drinks and Mineral water from the Opur brand (Nabco); Nana Bouba is fast becoming one of the most important farmers in Cameroon.

Indeed, in May 2016, during a tour of the Minister of Agriculture Henri Eyebe Ayissi, in the northern part of the country, one had already discovered a Nana Bouba in maize producing on an industrial scale. With 300 hectares already planted in the localities of Wassandé and Djertou, located in his native Adamaoua.

About the author

Deckson N.

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