(Business in Cameroon) – Cameroonian economy minister, Alamine Ousmane Mey signed, on April 17 in Yaoundé, a MoU with the Managing Director of Swiss company Tree Global, Gregory Hess, to set up an industrial system of high-yield nurseries in Cameroon.
The project which aims to increase the supply of quality seeds is an early step for the modernization and revival of agricultural production in Cameroon. It is welcomed by the minister who sees it as an opportunity to level up Cameroonian production. Mr Alamine Ousmane Mey says current certified seed production is insufficient to meet national demand, implying the country is obliged to resort to import. This means widened trade deficit. According to estimates by the Ministry of Agriculture, Cameroon’s current seed needs are valued at more than XAF200 billion.
Let’s note that Tree Global presented its offer to the Cameroonian government in 2018 and set up the Cameroon Seedling Company to ease project implementation. The company’s mission is to produce 50 million seeds per year through a highly efficient plant nursery system.