Wedoany.com Report-Nov. 29, Cameroon is finalising two loan agreements totalling CFA51.7 billion with Standard Chartered Bank London to finance the construction of new industrial facilities for the state-owned Cameroon Development Corporation (CDC). The larger facility of CFA47 billion will support a rubber processing plant, while CFA4.7 billion will fund a palm oil production unit. Both plants will serve CDC's plantations in the South-West and Littoral regions.

The loans were authorised by presidential decrees signed on 22 September 2025, empowering Economy Minister Alamine Ousmane Mey to conclude the agreements on behalf of the state, CDC's sole shareholder. Details appear in the September 2025 public debt report published by the Autonomous Sinking Fund (CAA).

The financing follows the successful completion of CDC's financial restructuring. In September 2025, the government and a consortium of local banks settled CFA15.7 billion in outstanding salary arrears owed to employees, bringing total payments for 2018–2022 wage obligations to CFA35.7 billion. An earlier CFA20 billion tranche had been disbursed in June 2024. Additionally, CFA24.1 billion in unpaid social security contributions were cleared, and a CFA31.8 billion tax debt was converted into equity by the state.

With these obligations resolved, the government is now directing resources toward expanding CDC's industrial capacity. The new processing units are intended to strengthen production efficiency and support the company's return to full operational strength.

CDC, Cameroon's second-largest employer after the civil service, operates extensive banana, rubber, and oil palm plantations. The investments form part of broader efforts to restore the company’s productivity and maintain its important role in the national agricultural economy.