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Strengthening food security
Project

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Signature date
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Location
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Cameroon
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Financing tool
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Financing amount (Euro)
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13000000
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Financing details
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EUR 13m loan
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Customer
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Cadyst Farming S.A
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Type of customer
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Company
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Country of headquarters
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Cameroon
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Project number
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PCM1141
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Environmental and social ranking
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B+
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco is supporting Cadyst’s growth and local production strategy with a EUR 13m loan.
Client presentation
Cadyst Group is a major player in the agri-food sector in Cameroon, with Célestin Tawamba as its founder and shareholder. After opening its first mill in 2003, Cadyst diversified its activities through vertical integration: it started producing pasta products with the acquisition of Panzani Cameroon in 2006 and, to use the by-products of this subsidiary, opened the SAE biscuit factory in 2014. The Group today employs 1,018 people and generates a turnover of around EUR 100m.
Project description
Proparco is supporting Cadyst Group’s launch of Cadyst Farming, its new poultry subsidiary. It will be dedicated to operating a poultry feed plant and a breeding and hatcheries site. Cadyst is thus pursuing its diversification strategy by moving into a market driven by growing demand, along with a strong political will to develop and support national production.
The project is part of Proparco mandate to support agri-business value chains on the African continent with obvious benefits for food security in the most vulnerable countries.
Project impact
The expected impacts of the project are as follows:
- Access for more than 1.5 million Cameroonians to chicken meat, an affordable and locally produced source of protein, in a context of inflation and increased food insecurity
- 70 direct jobs created and 520 indirect jobs maintained
The project will contribute to SDG 2 (“Zero hunger”) and SDG 8 (“Decent work and economic growth”).