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Infos Business of Monday, 19 January 2015

Source: Business in Cameroon

Public-private partnership platform launched in cocoa and coffee sectors

On January 9, 2015, the first cocoa and coffee public-private partnership meeting was held.

The launch of these activities, which were suggested by the International Cocoa Organisation in 2012 and implemented in Cameroon in July 2014, is a part of the effort to restart Cameroon’s cocoa and coffee sectors adopted in September 30, 2014. The five-year plan needs 600 billion FCFA in financing.

Those in attendance at the Douala meeting have already been informed about a similar platform set up in Cote d’Ivoire, the world leader in cocoa production, which set a new production record in the 2013-2014 season, harvesting over 1.7 million tonnes of beans.

This achievement is far beyond Cameroon’s aspirations where there is hope to produce only 600,000 tonnes of cocoa beans by 2020.