(Business in Cameroon) - To help actors of the agro-pastoral and fishery sectors overcome the various challenges to the funding of their activities, Cameroon’s Chamber of Agriculture, fishery, livestock and forestry (CAPEF) launched on 19 October 2015 a fundraising operation to establish a microfinance venture.

The fundraising which extends to the 10th of December 2015, involves rural organizations, farmers’ cooperatives (fishery, stockbreeders, agriculture), as well as agro-industrial and forestry SMEs.

According to the CAPEF, the microfinance venture resulting from the fundraising will serve as a field relay for the agricultural bank, which has an initial capital of 10 billion FCFA. The creation of this specialized bank was announced since 2011, but its implementation is being delayed due to numerous structural challenges such as the land legislation which still shows many limitations.