Business

Cameroon – Breeding: World Bank Approves 59.6 billion CFA francs to boost the livestock sector

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Written by Deckson N.

The Board of Directors of the World Bank approved on 27 October 2016, funding of $100 million (59.6 billion CFA francs) to help Cameroon improve productivity, competitiveness and resilience to climate change in the livestock sector during the next six years, we learn in an official statement.

This financing is part of a government initiative called the Livestock Development Project (Projet de développement de l’élevage – Prodel). Led by the Ministry of Livestock, the Prodel aims to help producers market their products while providing immediate and effective support for certain types of crises or emergencies.

Since farming employs 30% of the rural population, it is essential to help the sector further support economic growth, job creation and the fight against food insecurity and malnutrition” says Elisabeth Huybens, the Director of operations of the World Bank for Cameroon. She added: “strengthening the livestock, it is also to address some climate change impacts, such as the reduction of agricultural production, natural resource degradation, food insecurity and threats livelihoods of the most vulnerable.

According to the World Bank, Prodel will be divided into four parts. The first component will focus on capacity building of essential public services in supporting livestock, improvement of access to animal health services, an improved genetic heritage and quality inputs.

The second component will focus on improving productivity and marketing of the production of small pastoral communities and restore the poorest and most vulnerable households production capacity in the North and Far North.

As for the third component, it will strengthen the links between organizations of producers, buyers and financial institutions, while allowing producer organizations to seize business opportunities and added value.

The last component will, in turn, support the implementation of the first three, track project progress, assess results, and finance studies necessary for the project.

About the author

Deckson N.

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