logoBC
Yaoundé - 15 August 2020 -
Agriculture

Cameroon: The EU agrees for a 2-year extension of its banana support measures BAM

Cameroon: The EU agrees for a 2-year extension of its banana support measures BAM
  • Comments   -   Tuesday, 12 May 2020 11:48

(Business in Cameroon) - The European Union recently decided to extend, by 2 years, its Banana Accompanying Measures (BAM) programme being implemented in Cameroon over the past 7 years (2013-2020). The extension of this programme, aimed at boosting the competitiveness of banana produced in Cameroon, was requested by local authorities, official sources informed.

"The companies concerned have two more years to complete the actions undertaken to improve the productivity of their plantations and enhance the competitiveness of the sector," the EU explains.

In Cameroon, the BAM programme aims to modernize banana cultivation by introducing the use of equipment such as generators and irrigation systems. The programme also plans to modernize and extend the fruit terminal of the Port of Douala.

According to the EU, this 2-year extension was decided to support the banana sector weakened by the covid-19 health crisis and the security crisis. This security crisis has been raging since October 2016 in the two Anglophone regions, home to most of Cameroon’s banana producers.

Cameroon is the main beneficiary of the BAM programme, with an estimated budget of XAF31.6 billion (€48 million). The objectives of these subsidies are economic growth, poverty reduction in banana-producing regions, the creation of decent jobs, the generation of tax revenues, and the improvement of the country's trade balance.

Brice R. Mbodiam

camrail-renovates-13-railway-bridges-and-announces-completion-of-rehabilitation-works-on-55-others-for-2021
The Interministerial Committee on Railways Infrastructure (Comifer) recently checked the completion of renovation works on 13 railway bridges. According...
cemac-beac-announces-the-launch-of-etransfert-to-speed-up-the-processing-of-wire-transfer-requests
The Bank of Central African States (BEAC), the central bank of CEMAC countries, announces that on September 1, 2020, it will officially...
cameroon-postpones-implementation-of-the-fifth-phase-of-its-epa-with-the-eu
Importers were recently surprised to be asked the full customs duties for their car imports from the European Union (EU) instead of receiving a 10%...
national-bank-of-equatorial-guinea-obtains-business-license-for-its-subsidiary-in-cameroon
Bange Bank Cameroon SA, a subsidiary being set up by the National Bank of Equatorial Guinea (Bange) in Cameroon, was issued a business license by the...

Mags frontpage


Business in Cameroon n90: June 2020

Top 100 economic actors in Cameroon


Colonel Roger Kuitche: “Military strategy is an important tool that will beneft businesses and public administrations”


Investir au Cameroun n100 Juillet-Août 2020

Le Top 100 des acteurs économiques du Camerouns


Colonel Roger Kuitche : « la stratégie militaire appliquée aux entreprises et aux administrations est un outil à exploiter »