BID injects FCfa 46 billion into agricultural development and animal breeding in North-West and West Cameroon

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BID injects FCfa 46 billion into agricultural development and animal breeding in North-West and West Cameroon

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- Saturday, 06 May 2017 10:33

(Business in Cameroon) - The Cameroonian Ministry of Agriculture has officially launched phase 2 of Grassfields Integrated Participative Development projects in the region of the North-West, for an amount of FCfa 29.4 billion; and rural development of Mount Mbappit in Noun, West region, endowed with an amount of FCfa 16.6 billion.

This overall envelope of nearly FCfa 46 billion, which represents more than 90% of the financing necessary for the implementation of phase 2 of these two projects, we learned, has been provided by the Islamic Development Bank (Banque Islamique de Développement - BID). Through multiform support to producers, these two projects aim to substantially increase production of potatoes, corn, palm oil, rice and cassava in the North-West and West provinces of Cameroon, in order to improve farmer revenues.

BRM

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