Business News of Friday, 2 September 2016Source: Business in CameroonPHP plans 230,000 tons of bananas by 2020In Cameroon, Compagnie Fruitière de Marseille aims for a production of 230,000 tons of bananas by 20The Société des Plantations du Haut Penja (PHP), Cameroonian subsidiary of Compagnie Fruitière de Marseille, who operates banana farms in the Littoral region of the country, plans to produce 230,000 tons of bananas by 2020 (against 168,000 tons in 2015), we learned during a recent visit by the Minister of Agriculture to this agro-industrial unit. To achieve this ambition, which will thus enable the leader in the banana production in Cameroon to add its contribution in reaching the target of 500,000 tons projected by the government by 2035 (a forecast mentioned in the Strategy Document for growth and employment), PHP has already launched a program to expand its farms. The first phase of this program, whose implementation is underway, will consist in, we officially learned, “irrigating 52 hectares”. Leader in the banana industry in Cameroon with close to 50% of the national production, PHP is the result of the merger-acquisition of Société des Bananeraies de la Mbome (SBM), Société des Plantations Nouvelles de Penja (SPNP) and Plantations du Haut Penja (PHP). During 2016, its production is expected at 185,000 tons, in increase by 17,000 tons compared to 2015.

Source: CameroonWeb September 02, 2016 12:04 UTC