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Cameroon – Agriculture: FCfa 128 million funding for agricultural and livestock family farms in the Littoral region in Cameroon

fcfa-128-million-funding-for-agricultural-and-livestock-family-farms-in-the-littoral-region-in-cameroon_L
Written by Deckson N.

Owners of agricultural and livestock family farms in the Sanaga maritime and Moungo districts, in the Littoral region of Cameroon, have just received a financing worth FCfa 128 million, we learned from credible sources.

The financing is provided as part of the execution of the second phase (2013-2016) of the Program for the Improvement of the Competitiveness of family farms (ACEFA), led by the Cameroonian Ministry of Agriculture and the Ministry of Livestock.

During the 2nd phase of this program, it is officially expected “to substantially increase the income of the 250,000 farmers who will benefit from it. According to the working hypotheses, the creation of additional farming income could be between FCfa 21 and 48 billion and the job creation between 50,000 and 100,000”.

This program from the Cameroonian government is centred on three components which are: specialised consultancy for the populations who move into family farming, contribution to the funding of these projects through subsidies, and strengthening the institutional capacities of professional platforms.

Via BIC

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Deckson N.

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