logoBC
Yaoundé - 15 August 2022 -
Agriculture

Cameroon: Prodel injected XAF10 bln in 88 projects in Jan-Sep 2021

Cameroon: Prodel injected XAF10 bln in 88 projects in Jan-Sep 2021
  • Comments   -   Monday, 27 September 2021 14:03

(Business in Cameroon) - The World Bank-backed Livestock Development Project (Prodel) recently published its activity report covering the first nine months of 2021. From the report, it appears the project funded business plans to the tune of XAF10.12 billion. The World Bank contributed XAF6.06 billion, against XAF2.62 billion by partner financial institutions and XAF1.44 billion by beneficiary producer organizations.

Overall, 88 business plans out of the 131 validated were financed, representing a 67% achievement rate, Prodel explains. 

According to the World Bank, thanks to Prodel, producers were able to improve and increase their milk production capacities, access veterinary services, and obtain quality inputs. Also, some cattle owners now produce close to 100 liters of milk daily. 

Out of the US$134.15 million (close to XAF78.4 billion) approved on October 27, 2016, by the World Bank’s administrative board for the project, over US$100 million (XAF58.5  billion) have already been committed. Meanwhile, the project is scheduled to end on January 31, 2023. 

S.A.

euro-dollar-fluctuation-raised-cameroon-s-debt-by-cfa420bn-in-one-year
Recent fluctuations between the euro and the U.S. dollar have increased Cameroon's debt by CFA420 billion (+11.2%) between June 2021 and June 2022. Data...
e-guinean-bange-bank-to-get-listed-on-the-bvmac-first-bank-to-join
Guinean Bange Bank is preparing its listing on the regional stock exchange Bvmac. Louis Banga, MD of the stock market, met on August 9 in this regard with...
cameroon-beac-forecasts-brewing-profit-to-fall-in-q3-2022
The Bank of Central African States Beac forecasts the brewing industry in Cameroon to experience a sharp decline in Q3 2022. In its bulletin, the...
cameroon-fuel-subsidies-could-finally-exceed-cfa780-billion-in-2022
The Cameroonian government announced it will approve CFA780 billion in fuel subsidy to keep pump prices unchanged in this harsh period marked by rising...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »