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Cameroon: SODECOTON registers 4.3 billion CFA net profit

The restructuring of Cameroon’s Cotton Development Company (SODECOTON) is showing positive results with the company achieving a net profit of 4.3 billion CFA francs in 2017. The restructuring program of the company included remobilization of staff and the support of the public program. Also, the company has started an ambitious project of modernization, diversification, and intensification of agriculture in the country's cotton zone. These projects are expected to yield production of 260, 000 tonnes this year which should establish the turnover of nearly 140 billion CFA francs, an increase of 20 billion CFA francs compared to the previous season.

 
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