Five "term sheets" have been signed to secure funds, which will be disbursed as supplier credits to businesses affiliated with the Cameroon Chamber of Agriculture, Fisheries, Livestock and Cameroon seeks to modernize its agricultural and fisheries infrastructure, supporting its three-year import-substitution plan valued at 1371,5 billion Fcfa from 2024 to 2025. The first project involves constructing a fishing wharf in the South-West port zone primarily in Idenau,with a budget of 36 billion fcfa, this project aims to equip the Port area with modern infrastructure, including diverse fishing equipment and accessories.This initiative not only aims to improve artisanal fishing, but also to strengthen the export capacity of seafood products to regional market. Another flagship project involves constructing a modern cattle park in Bibemi, in the Northern region , for an amount of 17 billion Fcfa. This space aims to become a reference cattle breeding center, contributing to the supply of animal proteins and food security in a context of reducing meat imports. Beyond investment in fishing and livestock, the construction project of fresh produce warehouses , costing 24 billion fcfa aims to mitigate post harvest losses and improve the quality of food products in the market.These infrastructures will be distributed across strategic locations in the country, including: Maroua(far north),Pitoa(North), Bertoua (East) ,Santa (north-west) and Douala (littoral) , where a central warehouse is planned for storing export products.As part of ING Bank's funding , 48 billion fcfa  will be dedicated to establishing four agro-pastoral training and production hubs , deseigned to educate and equip the next generation of Agricultural professionals and livestock entrepreneurs. The last project that will benefit from ING Bank financing, is the construction of a Cocoa transformation unit for an amount of 29 billion fcfa.The plant is integral to the industrialization strategy for Cameroon's Cocoa industry. These projects according to the Cameroonian government, will enable the country of President Paul Biya to modernize its agricultural and fisheries sectors , thereby strengthening its position as an agricultural powerhouse in the Central African Sub-region and Africa in general.  

Auteur: Christelle Koambi