Yaoundé - 04 August 2020 -

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.

Since late July 2020, the average coca prices per kilogram in production areas in Cameroon has dropped below XAF1,000. According to système d’information...
From January 1 to May 31, 2020, Cameroon shipped seven loads of liquefied natural gas, according to the National Hydrocarbons Corporation (SNH)....
On July 23, the Korean embassy in Cameroon reacted to the information provided by the Ministry of Economy, and relayed by Business in Cameroon on July 17,...
The Minister of Finance has once again extended the deadline for individuals and companies to get a Taxpayer Identification Number (TIN). This deadline...

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 »