Societe Camerounaise de Purification de Sel SA
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
Societe Camerounaise de Purification de Sel SA (“Socapursel”) is the leading producer of refined salt in Cameroon. Socapursel imports raw salt into Cameroon and processes it into refined salt that is sold in the country and the wider region. Over half of refined salt is used for livestock production. Socapursel is part of the broader group of companies owned by the same Cameroonian family.
What is our funding objective?
The objective of this investment is to strengthen Socapursel’s finance function and that of – to be incorporated - Nutricam SA (“Nutricam”, “the Holding”), through (i) an assessment of current accounting and reporting practices, and (ii) implementation of best practices of consolidation and internal financial control. This includes the standardizing of consolidated financial statements for Nutricam and integration with the reporting of three operating companies: Socapursel, Societe Camerounaise de Transformation de Ble SA (“SCTB”), active in wheat milling, and Societe Generale de Distribution en Afrique (“Sogeda”), active in wholesale trade (collectively “the Group”). This financing also intends to build the capacity of the Group’s accounting staff and create standard operating procedures.
Why do we fund this investment?
FMO is making this investment with the aim to reduce Socapursel’s financial risk and make reporting more accurate and streamlined. FMO expects the financing to open Nutricam SA opportunities to international financing, including further investments from FMO.
More investments
| Date | Total FMO financing |
|---|---|
| 11/23/2023 | EUR 0.03 MLN |
| 8/17/2023 | EUR 10.00 MLN |
- Region
- Africa
- Country
- Cameroon
- Sector
- Agribusiness, Food & Water
- Publication date
- 4/8/2025
- Effective date
- 3/7/2025
- Total FMO financing
- EUR 0.05 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+