The Court of Auditors audited for the financial years 2018 to 2021, the accounts and management of the Yagoua Expansion and Modernisation Society for Rice Cultivation, a public capital company of which the State is the sole shareholder. Established in 1971, SEMRY's mission is to combat poverty by settling young people in rice-growing villages in the Mayo Danay department and to contribute to Cameroon’s self-sufficiency in rice.

Since the end of the 1980s, Semry has avoided bankruptcy thanks to massive public investments in the form of performance contracts and planning contracts, as well as grants of all kinds.

During the review period, noting that the State has granted this company significant resources, the Court of Auditors points out that Semry struggles to effectively carry out its core activities, namely the rice services provided to rice farmers and the processing and marketing of white rice. This situation is explained by shortcomings in the management of SEMRY, logically stemming from the absence of efficient and effective economic governance.

Therefore, is it not urgent for the company to define and implement strategic orientations aimed at reducing the structural losses of its main finished products and services? By doing so, Semry could, among other things, make its white rice more competitive compared to imported rice and finally achieve essential profits to reduce its financial dependence on the State.

At the end of its audit, the Court formulates eleven (11) recommendations and opens a procedure for mismanagement.