Yaoundé - 24 September 2018 -
Tuesday, 10 July 2018 13:57

Cameroon: 18 Business plans currently under review in the framework of PIDMA

Written by 
Rate this item
(0 votes)

The Cameroonian minister of agriculture informs that in the framework of the PIDMA (launched in 2015), eighteen business plans (for a total of CFA653.7 million) are being reviewed by local banks.

The minister did not reveal the banks sollicited but in May 2018, five financial institutions signed agreements with PIDMA. They are namely BICEC, Société Générale Cameroon (SGC), Afriland First Bank, Banque camerounaise des PME and RENAPROV.

In the framework of that project, 132 cooperatives are already financed by four partners namely BICEC, SGC, Afriland, and RENAPROV. The total investment for these cooperatives is CFA1.2 billion.

Let’s remind that the PIDMA is a joint initiative by Cameroon and World Bank for the implementation of the Agriculture 2.0. Its aim is to contribute to the development of subsistence farming (characterized by low productivity) into commercial farming with competitive value chains in the five agro-ecologic regions in the country namely, the Centre, West, Northwest, North and the Far-North.  


Read 677 times

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

Mags frontpage

Business in Cameroon n67: September 2018

MAJOR PROJECTS A review of the past six years

Journey of a Cameroonian entrepreneur in the US

Investir au Cameroun n77: Septembre 2018

GRANDS CHANTIERS Le bilan des 6 dernières années

Itinéraire d’un Camerounais, entrepreneur aux Etats Unis