Aquaculture Entrepreneurship Development Tender

Country
Cameroon
Approval Date
28 December 2022
Duration
2022 - 2028
Sector
Credit and Financial Services
Total Project Cost
US$ 61.57 million
IFAD Financing
US$ 46.97 million
Co-financiers (Domestic)
National Government US$ 5.5 million
Beneficiaries US$ 2.8 million
Other Domestic US$ 3.2 million
Private sector local US$ 3.1 million
Financing terms
Blend
Project ID
2000003903
Project Contact
Emime Ndihokubwayo
A recent socio-political crisis, combined with COVID-19 and the war in Ukraine, has hampered Cameroon’s growth and exacerbated socio-economic fragility. Almost half of Cameroon’s 25.3 million people are living in multidimensional poverty. The agricultural sector is the engine of economic growth, employing over half of the economically active population.

The objective of the Aquaculture Entrepreneurship Development Programme is to improve the incomes, employment, food and nutrition security, and resilience of 30,000 people—in particular women and youth—in areas with high incidence of poverty.