Cameroon plans CFAF 1.12 trillion investment to reduce food imports
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The government of Cameroon launched the AgriConnect Compact in Yaoundé to invest CFAF 1,119.9 billion in the agricultural sector by 2030.
This initiative, which receives support from the World Bank, aims to increase domestic production and expand local processing across eight different agricultural value chains. The program includes 24 planned interventions to improve infrastructure, irrigation, mechanization, and access to financing.
By focusing on these areas, the government intends to reduce the national food import bill by 28% over the next few years. The project targets specific production goals for products including maize, rice, cassava, palm oil, cocoa, soybeans, dairy, and fisheries. By 2030, the country seeks to produce 6 million tons of maize and 800,000 tons of palm oil annually.
Other targets include a 55% self-sufficiency rate in rice and a domestic milk supply capable of meeting 60% of national demand.
