Yaoundé - 18 November 2019 -

Cameroon: The low level of structuring of agricultural cooperatives impedes the development of PIDMA

Cameroon: The low level of structuring of agricultural cooperatives impedes the development of PIDMA
  • Comments   -   Wednesday, 25 November 2015 07:02

(Business in Cameroon) - With a funding of FCfa 50 billion from the World Bank, the Agricultural Markets Development and Investments Project (PIDMA) is not rolling out as expected since its launch a little over a year ago. This appears to be what a team from the World Bank pointed out to the Minister of Agriculture during a meeting.

At the origin of the delays in the implementation of the project whose goal is to boost production of maize, sorghum and cassava in Cameroon over the next five years, in order to supply the food industry is the low level of structuring of co-operatives which are the beneficiaries of funding as part of this project.

Yet, food processing companies such as Guinness, the local subsidiary of Diageo group, or Nestlé Cameroun have high hopes for this project to help them reduce their imports of raw materials, by getting their supplies directly from the maize and cassava producers financed by PIDMA.

Between July and September 2019, Cameroonian loggers exported only 11,300 tonnes of logs to the European Union market. According to the International...
On November 14, 2019, two Belgian and Czech delegations were received at Cameroon’s Ministry of Water and Energy. At the end of the two audiences granted...
The latest bond, whose issuance period ran from September 20 to October 2, 2019, by Gabon recorded a 126% subscription rate. With the authorization of...
As a prelude to a naval exercise currently being prepared in the Gulf of Guinea, the French Navy command and supply ship BCR “Somme” recently docked at...

Mags frontpage

Business in Cameroon n81: November 2019

The growing weight of Moroccan banks in Cameroon

Made in Cameroon products gradually take over supermarkets

Investir au Cameroun n91: Novembre 2019

Le poids croissant des banques marocaines au Cameroun

Le Made in Cameroon progresse dans les supermarchés