Cameroon - Cameroons Development Corporation Project
Levy, Brian
The Agriculture Project is based principally on oil palm, Camdev's most profitable crop, but it includes planting or replanting of rubber, tea and pepper, and also includes work on existing immature plantings and provision for processing and other facilities. It will expand Camdev's plantations from 22,400 ha to 33,100 ha. The new investment is expected to yield a rate of return of about 11 to 16 percent, depending on the valuation placed on labor costs, as well as substantial indirect benefits. Camdev employs a labor force of about 12,000, for whom there are few other employment opportunities and supplies about 30 percent of West Cameroon's exports. The Agriculture Project will increase employment and, by the late 1970's, will double Camdev's contribution to exports. Its success is therefore crucial for the economy of Cameroon.
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