Minepia and CBC sign a partnership agreement for the implementation of the funds. The ceremony took place at the Hilton Hotel in Yaoundé on Tuesday June 18, 2024.
It took place in the presence of officials from the African Development Bank and the African Development Fund. The purpose of the agreement signed between the Commercial Bank of Cameroon (CBC) and the Ministry of Livestock, Fisheries and Animal Industries (Minepia) is to manage the refinancing facility for the livestock and fish farming value chain compartment of the fund to facilitate the supply of credit for the development of agricultural, livestock and fish farming value chains (2FC-CVAEP).
This agreement addresses the problem of access to financing for SMEs and Cameroonian POs in general, and the livestock and fish farming value chains in particular, which represent an important economic breeding ground for growth, entrepreneurship, the fight against poverty and youth unemployment. The aim is to modernize the entire value chain by specializing the various links. Dr Taïga, Minister of Livestock, Fisheries and Animal Industries (Minepia), and Jean EliséGouater, Deputy Managing Director of the Commercial Bank of Cameroon (CBC), initialled the document.
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Dr Taïga, Minepia
« The main aim of this agreement is to find resources to finance productive investment activities. As you know, banks finance school loans, but we're looking for a paradigm shift by proposing that they take an interest in the livestock sector (poultry, small ruminants, pork, etc.). We want to see banks and MFIs financing the entire livestock and fish farming production value chain. This is what justifies the agreement we have just signed with the CBC, which has a central role to play with our financial partners.».
Clément Noumsi
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