Cameroon targets CFA1.12 trillion for farm investment
The AgriConnect pact aims to cut food imports by 28% and boost production of corn, palm oil, rice, milk, and fish by 2030.
Cameroon launched the AgriConnect pact in Yaoundé on October 21, 2026, to attract investment into eight agricultural sectors. The initiative requires nearly CFA1.12 trillion ($1.87 billion) for 24 interventions planned between 2026 and 2030. The goal is to reduce the country's food import bill by 28% by 2030, from approximately $1.6 billion to $1.15 billion.
The pact, supported by the World Bank Group and the International Fund for Agricultural Development (IFAD), aims to increase domestic production and develop local food processing. It focuses on corn, rice, cassava, palm oil, cocoa, soybeans, milk, and fisheries. By 2030, Cameroon aims for 6 million tons of corn and 800,000 tons of palm oil annually, with domestic rice covering 55% of demand and milk meeting 60% of consumption.
IFAD and the World Bank are partners in the action framework designed to accelerate sector transformation and strengthen food security. The program also seeks to create jobs, particularly for young people and women, and mobilize public and private investment.
Why it mattersCameroonian farmers and consumers will be affected by increased domestic production and reduced food import costs.