SOPROICAM’s Investment Program
Soproicam / Cameroon (FA)
CHALLENGE
The shortfall in cereal supply in the Cameroonian market is glaring. Indeed, the Cameroonian demand for soybean cake is around 5,000T/year for more than 14 billion FCFA of expatriate currency.
Since 2012, demand has been increasingly changing. SOPROICAM faced with this deficit has decided to achieve vertical integration to ensure sufficient supply at lower cost. It has therefore decided to create a company SOPROICAM Agricole to:
- Ensuring sufficient production to guarantee a supply of raw materials.
- To benefit from the incentives granted by the government to new companies through the Investment Promotion Agency (API).
- To better develop its agricultural sector among farmers.
SOLUTION
AMSCO was requested by SOPROICAM to assist it in the successful completion of this project in its capacity as Financial Advisor and Arranger.
IMPACTS
- AMSCO has adopted a five-step approach.
- Data collection.
- Preliminary analysis.
- The structuring of the financing scheme
- The information note.
- Fundraising.
Among other things, this approach made it possible to draw up an attractive business plan to attract investors. Following the information note and negotiations coordinated by AMSCO, a fund-raising of aboutseven billion CFA francs was raised to make the investment operational.
