Cameroon plans $1.87 billion investment to reduce food imports
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Cameroon initiated the AgriConnect pact in Yaoundé, seeking $1.87 billion, roughly CFA1.12 trillion, in investment for its agricultural and food production sectors.
The World Bank Group supports the initiative, which will run from 2026 to 2030 and includes 24 planned interventions. Cameroon intends to lessen its reliance on imported food, aiming to lower its annual food import bill by 28%, from $1.6 billion to $1.15 billion by 2030.
The AgriConnect pact concentrates on eight key agricultural value chains: corn, rice, cassava, palm oil, cocoa, soybeans, milk, and fisheries and aquaculture. Cameroon set specific production goals for 2030, including 6 million tons of corn and 800,000 tons of palm oil each year. The country also plans to domestically produce enough rice to satisfy 55% of national demand and milk to cover 60% of national consumption.
The program hopes to stimulate private investment and boost local food processing alongside increased agricultural production. The International Fund for Agricultural Development provided the financial figures guiding the AgriConnect pact.
