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Cashew nut campaign: Senegal obtains 19 billion CFA francs from the DER

20/05/2021
Categories: Economy/Forex

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The Minister Delegate General of the General Delegation for Rapid Entrepreneurship for Women and Youth (DER/FJ), Papa Amadou Sarr, announced that the institution has structured 19 billion FCFA for the cashew nut campaign. It was during a regional development committee (CRD) devoted to the launch of the 2021 cashew nut marketing campaign.

Under this financial envelope, 15 billion FCFA is devoted to the campaign itself and 4 billion FCFA to production. The funds will be disbursed in the form of loans to local actors in the sector, in the amount of 60 million for inputs, research and development; 2 billion for production; 135 million CFA for producer cooperatives; 1.2 billion for storage in hangars; 1 billion for processing; 15 billion for marketing; 100 million for technical support, contracting and training. In addition to the launch of the 2021 cashew nut campaign, the audience was also presented with an overview of DER/FJ's actions for the 2020 cashew nut season, in which DER was also involved through a 12 billion CFA franc financing line. Over the last 2020 season, the overall volume exported was estimated at 40,145 tons, representing a financial value of 22 billion 837 million CFA francs. To date, 90% of the 12 billion CFA francs disbursed in 2020 have been repaid

by beneficiaries.
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