Cameroon, located in Central Africa region, has an important potential of agricultural development considering the available arable lands and favourable geo-climate conditions.
10th world palm-oil producer and 3rd African producer after Nigeria (940,000 tons) and Côte d'Ivoire (417,000 tons), Cameroon has produced 235,000 metric tons of palm-oil in 2014, while the national demand exceeds 340,000 tons according to the latest figures released by the ministry of agriculture, Cameroon. As a result, the country's production deficit amounts to 100,000 tons, giving opportunity for palm-oil development.
It is to be noted that Palm-oil production to an industrial scale constitutes a strategic thrust of the development agenda of the Government of Cameroon.
The growing population of the existing cities and influx of immigrants from rural to urban areas in search of better future prospects demand the development of large housing projects around the cities to provide low cost housing with necessary amenities and the infrastructure to the population.
The annual housing offer by both public and private housing operators does not exceed 2,000 housing units while the global housing demand is estimated at 1,000,000 for homes both for ownership and rent (mainly in Douala and Yaounde, the two major cities of the country). Such demand for rent may be satisfied through multi-storied accommodation including luxury apartments and villas. This may be achieved through public private partnership including housing/mortgage banks.
One of the purposes of WiP as an investment company is equity participation in sound financial institutions and private sectors' companies with high growth potential.
Trading (import and export) will support WiP's primary sector activities and provide steady financial resources to improve its financial situation. It will also participate in the growth of private sector enterprises and may improve the country's foreign currency reserves.