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Cameroon fisheries fund approves XAF1.6B budget for 2024-2026

Cameroon fisheries fund approves XAF1.6B budget for 2024-2026

Paru le mardi, 06 février 2024 14:53

The Maritime Fisheries Development Fund (MFDF) has adopted a budget of 1.6 billion Central African Franc (XAF) for its 2024-2026 Performance Project, aiming to boost fisheries control, support artisanal fishing and aquaculture, and improve fish quality.

The Ministry of Livestock, Fisheries, and Animal Industries (Minepia) announced the budget allocation on Monday, highlighting plans to strengthen fisheries control and address illegal fishing, a priority focus in 2023.

"This budget will allow the MFDF to reinforce fisheries control and surveillance, and provide sufficient support to artisanal fisheries and aquaculture players," the ministry said in a statement. "It will also pave the way for the production of better-quality fish."

Cameroon's fisheries sector saw moderate growth in 2023 compared to 2022, with total production reaching 150,000 tons by August, against 145,000 tons year-on-year. Artisanal maritime fishing increased slightly from 113,000 to 116,000 tons, while industrial fishing dipped 9% to 8,900 tons. Aquaculture, however, showed promising growth, rising 22% to 5,800 tons.

In 2022, the MFDF prioritized raising awareness among fishing communities about environmental protection, pollution reduction, and aquaculture promotion, allocating XAF1.3 billion to these initiatives.


● Fact Cheking



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