India grants 21 billion FCFA loan for the agricultural sector

Cameroon has received a loan from Exim Bank of India amounting to 21.3 billion FCFA for the industrialization of cassava, sources from the Ministry of Economy told APA.

Based on this perspective, the Cameroonian government has launched an international tender for recruitment of Indian companies to provide equipment for the production and processing of cassava on an industrial scale.

These contracts, which will run in four batches, are aimed at the provision of more than 700 machines and tools for the cultivation of cassava throughout the country.

The funding made available by Exim Bank of India, falls under an agreement signed between the governments of Cameroon and India, for the industrialization of the cassava sector in Cameroon in 2012.

In a statement, the Department of Public Markets specified that the records of bidders in this solicitation are expected latest by October 9, 2015.

The contractors have a period of six months to deliver the required equipment, from the date of notification of the service order by the Cameroonian government.