logoBC
Yaoundé - 30 November 2021 -
Agriculture

Cameroon: PIDMA has helped boost yields in the beneficiary sectors, Abdoulaye Seck says

Cameroon: PIDMA has helped boost yields in the beneficiary sectors, Abdoulaye Seck says
  • Comments   -   Wednesday, 31 March 2021 13:46

(Business in Cameroon) - The Agricultural Investment Market Development Project (PIDMA) has helped boost cassava, sorghum, and corn production in Cameroon, according to Abdoulaye Seck, World Bank's country director for Cameroon.

Specifically, the implementation of the PIDMA helped double, triple, and even quadruple yields and improve quality in the sorghum, corn, and cassava sector, the director explained.

Also, the project opened the "agri-food market and the entire value chain to beneficiaries," he added, on March 24, in Yaoundé, during the joint review of the World Bank’s portfolio in Cameroon.

The executive provided no specific figures on the said yields but tangible impacts of the projects can be observed in the sorghum value chain. Indeed, thanks to PIDMA, sorghum producers in the northern region can now easily supply raw materials to Guinness Cameroon. They were also able to build and inaugurate (on January 10, 2020) a sorghum hulling and storage unit. The PIDMA coordination team adds that thanks to PIDMA, sorghum producers grouped into cooperatives were able to increase their selling price by 20% while corn producers increased their selling prices by about 13% on average.

PIDMA (launched in 2015) was funded, to the tune of XAF50 billion, by the World Bank. According to official figures, within five years, 140,000 farmers have benefited from the project aimed at improving the productivity and competitiveness of the corn, cassava, and sorghum value chains.

BRM

cameroon-government-to-raise-xaf184-bln-from-the-local-banking-sector-in-2022
Cameroon plans to raise XAF184 billion from the local banking sector in 2022, the 2022 draft bill currently being reviewed by the parliament reveals....
cameroon-sabc-group-contributes-xaf1-bln-for-the-implementation-of-noso-reconstruction-plan
In its capacity of executing agency for the reconstruction of the Northwest and Southwest, the UNDP resident representative signed a XAF1 billion...
subcontracting-the-cameroonian-electricity-sector-provides-xaf40-bln-annual-revenue-to-700-local-smes-smis
The 700 local firms offering subcontracting services in the Cameroonian electricity sector generate XAF40 billion turnover annually. The figure was...
south-korea-to-invest-xaf4-bln-for-the-construction-of-3-digital-campuses-in-cameroon-in-2022
South Korea will invest XAF4 billion for the construction of three digital campuses in Cameroon in 2022, according to Jonghan Kim, South Korean ambassador...

Mags frontpage


Business in Cameroon n105: November 2021

Forget cash, Cameroonians are in on e-money!


Erwan Garnier: “Clearly, the Cameronian hospitality sector will develop”


Investir au Cameroun n115: Novembre 2021

Adieu le cash Les Camerounais s’emparent de la monnaie électronique


Erwan Garnier: « Le secteur hôtelier camerounais va clairement se développer »

  1. Most read 7 days
  2. shared 1 month
  3. read 1 month
next
prev