The decision was approved on September 12, 2018. The African Development Bank group, meeting on the Board of Directors, pledged to support the Cameroonian government with a value of € 84 million. This equates to nearly 55 billion FCFA. This funding is intended for the modernization of fish and beef and pork production systems in Cameroon.
The project will have to raise the standards and the competitiveness in the key sectors of the breeding. The reforms will affect genetics, slaughter, processing, conservation, transportation and food in the meat sector. In the case of fish, storage, processing, breeding and preservation will take on a new dimension. Pastoralists and cooperatives are the main beneficiaries of the project.
The total cost of the project is 99.27 million euros or 65.133 billion FCFA. 55.1 billion will be disbursed by the ADB and about 10 billion by the Cameroonian side. Livestock farming in Cameroon suffers from poor access to the international market, the degradation of pastoral ecosystems and the threat of epizootics. Cameroon spends more than 100 billion FCFA each year to import fish.