(Business in Cameroon) - The World Cocoa Foundation (WCF), a collective of the largest entities within the global chocolate industry, and Cameroon’s Inter-professional Cocoa and Coffee Board (CICC) signed a financing agreement on December 11, 2014 in Yaoundé for a total of 125,000 USD or 62.5 million FCFA.

This money will be used to assist 50 young cocoa farmers over a period of three years within the framework of the New Generation programme that was implemented two years ago by the CICC in order to rejuvenate cocoa production. “For us, this is the best way to ensure the longevity of the cocoa sector,” stated WCF head, Hope Sona Ebai to justify the financing.

Now in its third year of implementation, the New Generation programme, according to the review given by the CICC at the 3^rd International Cocoa Festival, has assisted 362 young cocoa producers who have already created 566 hectares of cocoa.