Public Management

Cameroon launches a CFAF65 bln project to develop the pork, beef, and fish industries

Friday, 23 April 2021 16:41
Cameroon launches a CFAF65 bln project to develop the pork, beef, and fish industries

(Ecofin Agency) - Yesterday April 22, 20221, in Yaoundé, the Cameroonian Minister of Livestock, Fisheries, and Animal Industries, Dr. Taiga, presided over the official launch of the Livestock and Fish Farming Value Chain Development Project (PDCVEP). The CFAF65 billion project will be funded by a CFAF55 billion loan from the African Development Bank (AfDB) and by the Government of Cameroon, to the tune of CFAF10 billion.

"The PDCVEP is aimed at boosting competitiveness and hygiene in the beef, pork, and fish production segments over the next five years. It will also improve producers' income and create new jobs in the beneficiary segments," we learn.

To achieve these goals, 15 million grass seed straws, 1,000 frozen embryos (for the production of 500 calves), cattle semen, and high-yielding piglets will be produced and distributed. In the framework of that project, animal farmers will also be trained on artificial insemination techniques and cattle fattening while over 350 young people will be supported in the development of animal farming businesses through credit facilitation.

According to the AfDB's findings, the poultry, beef, pork, and fish sectors are among the major sectors on which the country's growth should be based. However, the institution explains, the genetic performance of the cattle and pig breeds used is still mediocre. To increase these performances, the PDCVEP will take measures to improve the genetic inputs and feeds used.

As for the fish sector, it was selected because of its negative impact on the country's trade balance (CFAF 98,636 billion in 2014) since fish imports constitute the second largest expenditure item after petroleum products in the country.

Ultimately, the three beneficiary sectors can help meet the production objectives of the livestock and fish farming sub-sector. Fact is, the farmers active in the three beneficiary segments account for over 45% of the livestock and fishing sub-sector. Therefore, the AfDB believes that its financial support will likely help achieve the 9.3% growth rate assigned to this sub-sector in Cameroon.


S.A.

 

 
Finance


 
Telecom


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.