Actu Eco » Banque et Finance

AfDB : injects 13.4 billion Fcfa to boost livestock and fisheries in 2025

Dernière mise à jours il y'a 10 mois

The African Development Bank (AfDB) has allocated 13.4 billion Fcfa to Cameroon for the year 2025 under the Livestock and Fisheries Value Chain Development Program (Pdcvep). This program aims to strengthen meat and fish production, improve the competitiveness of local actors, and reduce dependence on imports

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The main investment areas include: Construction of slaughterhouses: three industrial slaughterhouses will be built in Yaounde, Douala, and Bamenda to complement existing infrastructure,modernization of fish farming infrastructure: fish farms will be established in Bamenda and Lagdo to improve national fish production, capacity building for young entrepreneurs: an incubation program will train 550 young entrepreneurs, with 275 of them installed in the livestock and fisheries sectors.The Pdcvep, launched in 2021 with a total budget of 65 billion Fcfa, has been extended until 2026 to consolidate the program's achievements and fully achieve its objectives. Thanks to these investments, Cameroon is gradually positioning itself as a key player in the agro-pastoral sector in Central Africa. Part of the funds will be used to build three industrial slaughterhouses in Yaoundé, Douala, and Bamenda. These new facilities will complement the existing infrastructure in Yaounde, Ngaoundere, Kribi, and Ebolowa. In the field of fish farming, Cameroon will benefit from fish farms for breeding in Bamenda and Lagdo. These structures will play a key role in improving national fish production and reducing imports.Furthermore, the financing will enable the completion of four artificial insemination parks within the Société de développement et d'exploitation des productions animales (Sodepa). Additionally, an incubation program plans to train 550 young entrepreneurs, with 275 of them being installed in the livestock and fish farming sectors. As part of the government's import substitution policy, a fish market will be built to increase local supply and support national producers. This initiative aims to reduce dependence on imports and offer Cameroonian consumers quality local products.Another key aspect of the program is the establishment of a refinancing facility, in partnership with the Commercial Bank of Cameroon (CBC), to help sector actors access the necessary financing for their development more easily.The Livestock and Fisheries Value Chain Development Program (Pdcvep) has been extended until 2026 to consolidate the program's achievements and fully achieve its objectives. The long-term ambition is to create a high-performance industrial slaughter chain, increase national meat and fish production, and strengthen the capacities of actors in the beef, pork, and fish sectors

 Christelle koambi

christelle
JESSICA CHRISTELLE KOAMBI
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