Public Management

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

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

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.

 

On the same topic
Gabon raises CFA 106.5 billion in oversubscribed bond issuance Two tranches fund infrastructure, health, education, housing projects Strong regional...
Nigeria’s SEC approves FCMB-TLG Private Debt Fund Series II launch Fund targets ₦20 billion for corporate debt to mid-sized firms Strategy focuses on...
Public debt rose to CFA8,606.6 billion by end-October 2025 Domestic debt now exceeds CFA4,391 billion, driven by regional markets Debt arrears...
Togo cut projected 2025 budget revenue by 1% to CFA1,472 billion while raising spending by 2.3% to CFA1,717.1 billion. The revised budget shows a...
Most Read
01

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
02

Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...

Egypt attracts Polish Fruitful investment in horticultural processing
03

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
04

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
05

Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...

Fitch Says Côte d’Ivoire Has “Left Political Risk Behind” as Rating Upgrade Highlights Strengthening Fundamentals
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

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


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.