Up to 1,200 million FCFA to invest in the hydro-agricultural sector of Cameroon

Up to 1,200 million FCFA to invest in the hydro-agricultural sector of Cameroon

The government of Cameroon is preparing to carry out an investment of 1,200 million FCFA with the aim of rehabilitating and developing more than 7,000 hectares of hydro-agricultural perimeter in the Bénoué valley, located in the north of the country. This investment can be carried out thanks to the support of the World Bank.

The Minepat, the Ministry of Economy, launched an international competition for it. “Foreign bidders who present a bid guarantee issued by a foreign bank or insurance company must attach proof that the bank or insurance company issuing the bid guarantee has a representative authorized by the Ministry of Finance, who is undertakes to act as a guarantee in case of remission”, specifies the tender. The deadline to apply is October 5, 2022.

The Minepat reports that these investments are part of the Bénoué Valley development project. One of the main objectives of this project is to ensure and better manage water resources, more specifically the exploitation of hydraulic infrastructures.

Within this large project, the rehabilitation and construction of irrigation and drainage infrastructures are planned, in addition to the establishment of an alert system in the event of potential flooding. In addition, this project will support agricultural production and agribusiness, including land leveling and preparation, mechanized rice cultivation, access to inputs, and support for small and medium-sized enterprises.

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