Cameroon fishes for finance - African Business Magazine
Close
Cameroon fishes for finance

Cameroon fishes for finance

Cameroon is establishing 300 small fish-farming enterprises at a cost of $3.3m through its Aquaculture Entrepreneurship Promotion Project.

To finance the project, Cameroon has signed an agreement with the United Nations International Fund for Agricultural Development for a contribution of $1m. The government will fund the balance.

The project is hoped to generate 1,500 jobs with 30% of the new enterprises to be managed by women and 50% by young people.

As it stands, fish production does not meet domestic demand and Cameroon imports 200,000 tonnes of fish a year.

1

Rate this article

Author Thumbnail
Written by African Business Magazine

African Business and its award-winning team is widely respected for its editorial excellence. We provide the all important tools enabling you to maintain a critical edge in a continent that is changing the world. Our special reports profile a wide range of sectors and industries including Energy, Oil and Gas, Aviation, Agriculture to name but a few.

Related Posts

Join our mailing list

If you would like Independent, Informative and Invaluable news analysis on the African continent, delivered straight to your inbox, join our mailing list.

Help us deliver better content