The Administrator of Cameroon's Cocoa and Coffee Sector Development Fund (FODECC), Samuel Donatien Nengue, in an interview with Financial Afrik announces that the country will invest 50 billion FCFA in cocoa and coffee to restore the image of two streams.

Samuel Donatien Nengue unveils the main lines of a new financing vehicle. The subsidies given within the framework of the “Guichet Producteurs” are the conversion of a public donation in favor of the producer, but through agricultural inputs, fertilizers and other production needs expressed by the producers themselves.
“The infrastructures are not concerned at first, but it is expected that we will go as far as subsidizing them. The FODECC strives to make subsidies directly available to the producer without any intermediation. He saves time, we empower him, he gains confidence, it costs less and he has more products,” explains Samuel Donatien Nengue.
All microfinance institutions (MFIs) that have the quality will be mobilized when they belong to a network supervised by a first-class bank. The challenge is to bring the subsidies closer to the producer.

The objective of this project is to help cocoa and coffee producers to secure production, which unfortunately is sometimes lost up to 50%, and to improve the quality of the marketable product to come.