c/o Teollisen yhteistyön rahasto Oy (FINNFUND)
00181 Helsinki - FINLAND
puh: 09 348 434 (mainitsethan puhelimessa, että tavoittelet Finnpartnershipia)
IndustryAgriculture and food processing
P.O. Box 35356
Phone number00237 699841642 / 693711460
Company Address Mbassilaurent1@yahoo.fr
Mr. Laurent Mbassi
OrganisationSpringboard Afro-Nordic Business Platform Oy
Project typeJoint venture; Production, marketing or activity involving transfer of know-how or technology;
Project abstractCamroots SA, Cameroonian company specialised in cassava starch production, is searching for partners from Finland and other Nordic countries that want to invest to the company and cassava related production.
Project descriptionThe company, established in 2015 is based in Yaounde, Cameroon and currently employs 73 persons.
The company produces cassava starch and other cassava derivatives such as cassava leaves (used in the production of biogas) and tapioca which are consumed in large quantities in the local market.
The customers so far have been local companies from e.g. beer, textile, pharmaceutical, cosmetic, food sectors. Starch locally sells at 600 francs CFA per kilogram and 460 francs abroad. The production capacities are big due to the arable land acquired by Camroots but the processing capacity currently remains low. The transformation technology used by the company is artisanal. Modern and advanced technology would increase the processing capacity and the sold quantities in local and international markets.
The company is currently looking for a partner that wants to invest to the cassava related production. The starch market is very wide the demand is constantly on the rise. As a result, much of the starch used in Africa is imported. According to the company the local market remains at a very early stage but the profits are rising. Camroots SA benefits from support from the local government but the company is not currently able to meet the market demand without the right partner and investment.
Number of employees50-249
Annual turnover in €0,5 - 2 million
Annual balance sheet total0 - 0,5 million