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Yaoundé - 20 September 2017 -
Agriculture

FCfa 128 million of financing for small farmers in the region of South Cameroon

FCfa 128 million of financing for small farmers in the region of South Cameroon
  • Comments   -   Thursday, 13 July 2017 17:07

(Business in Cameroon) - Within the framework of the Programme for the Improvement of Competitiveness of Family Agro-Pastoral Farms (Programme de la Compétitivité des Exploitations Familiales Agropastorales - ACEFA), 17 farm organisations in the South region of Cameroon have just benefited from financing totalling FCfa 128 million, we learned officially. According to the operating rules of this government programme, financial support lies between FCfa 500,000 and 6 million for beneficiary producer groupings, and between FCfa 5 million and FCfa 30 million for professional organisations.

Financed by the fund C2D, the ACEFA programme, co-piloted by the Ministry of Agriculture and that of Animal Husbandry, aims to "increase the revenues of family farmers by improving the competitiveness of their farms". The 2nd phase of this programme, currently being implemented in the country, plans to finance 5,200 projects in total, for an overall envelope of FCfa 23 million.

BRM

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