$6 million investment to provide farmer financing to increase and modernize cassava, maize and sorghum value chains in Cameroon
In Cameroon, agriculture contributes more than 20 percent of non-oil gross domestic product and employes 60 percent of the population, over two thirds of whom are women. This project is a joint World Bank/IFC initiative and targets the three largest agricultural value chains in Cameroon – cassava, maize and sorghum – and grown by over 75 percent of farmers in the country.
Working with BICEC, one of the top banking networks in Cameroon and part of the French banking group, BPCE, this project allows GAFSP to help build a more productive and efficient agricultural sector in Cameroon through better access to finance and competitive supply chains. The project aims to make a transformative impact on the agricultural sector in Cameroon over the long-term thereby driving sustainable change that will ultimately contribute to the World Bank Group’s twin goals of ending extreme poverty and promoting shared prosperity.