CDC, PAMOL Get New Board Chairs

The MINADER was in Limbe and in Lobe to install Benjamin Mutanga Itoe and Bernard Okalia Bilai at the helm of both Agro-industrial Corporations.

Two giant agro-industrial State-owned corporations based in the South West Region now have new top management personalities installed during their extra-ordinary Board sessions supervised by the titular Minister of Agriculture and Rural Development, Henri Eyebe Ayissi.

The current 12-member Board of Directors of the Cameroon Development Corporation (CDC), decreed last 4 July, 2016 for a three-year mandate renewable once, met in full session at their headquarters in Bota-Limbe (Fako Division) on 9 August, 2016, and voted the 64-year-old Mutanga Itoe Benjamin as Board Chair. Mr. Mutanga Itoe of Bakundu origine, in Meme Division, is former Minister of Justice. He was maintained in the position which he has been holding since 2014 when he replaced the deceased Chief Elangwe. As the Minister installed Mr. Itoe to his new-old function, he urged him to work to march the Corporation with its new statutes and revive CDC from its current international market turbulence.

Mr. Mutanga Itoe outlined the current challenges of the CDC to include the ageing crops requiring replanting and the dramatic fall of prices at the international market. The price-fall mainly hit the rubber sector whose kilogramme dropped from FCFA 3,000 to FCFA 800 in the international market.  The CDC Board Chair hinted on the new engagements of CDC which include diversifying and getting into fast money-making crops like cassava and beans.

The Corp...