Government to invest FCFA 76,7 billion to revive coffee sector

The government of Cameroon says F CFA 76,7 billion will be invested in the coffee sector to revive the sector.

The announcement was made on Tuesday September 12 by the Minister of agriculture and rural development, Gabriel Mbairobe in Kouoptamo, Noun division of the West region of Cameroon as he officially launched the activities of a support project to revive the coffee sector.

The objective of this project is to double coffee production by the year 2027 which currently stands at 11 557 tons (Robusta and arabica) according to figures from the National Cocoa and Coffee Board.

The Government targets a cumulative production of 22,086 tons of quality green coffee by 2027 with 17, 228 tons of robusta and 4,858 tons of arabica.

To attain this objective, the cocoa and coffee development fund will provide 9,9% of the project’s total funding, that is, F CFA 76 billion. More to that, the sum of FCFA 4 billion will also be injected into the project budget as coffee input subsidies for the year 2023 that will be meant for producers.

The project that will run within a 5-year period, shows government’s engagement to revive the coffee sector which plays a very important role in the country’s economy.

Source: Cameroon News Agency