Tuesday, September 11, 2018

Secessionist crisis leads to bankruptcy of CDC


The Cameroon Development Corporation (CDC) is reportedly on the verge of bankruptcy, according to reliable sources.These sources reveal that the company would no longer run at full capacity.

It would be functional only 25% because 75% of sectors of exploitation would have been decimated by the secessionists Ambazoniens. As a result, the CDC would only idle.

Moreover, the funds of the company would be empty according to another source. It says that the employees of this state company would already have four months of salary arrears.
The fall of this still-prosperous business was due to the armed struggle for secession in the English-speaking regions of North West and South West.

This war, which has been going on for almost a year, has seriously affected the economic fabric of this part of Cameroon.Apart from the CDC, the Pamol, and many other companies have already paid the heavy price of the war.

Other companies like the oil company theSonara (national refinery company) would be seriously threatened. However, the government has already secured the perimeter of this enterprise by the Bir (Rapid Intervention Battalion), an elite unit of the army.

Remember that the CDC is a sovereign agricultural company that is the largest employer in the country. It produces banana, palm oil, natural rubber but especially tea. His tea is one of the most popular in Africa and Europe.


africtelegraph.com