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Cameroon: 600,000 Hectares for Investors in Import-Substitution Drive

Cameroon: 600,000 Hectares for Investors in Import-Substitution Drive

Paru le mercredi, 13 décembre 2023 12:49

The Ministry of Land Affairs (Mindcaf) has facilitated the allocation of 600,000 hectares of land for investors, in the Adamaoua and East regions primarily, in the framework of the “Plaine Centrale” project. The figure was revealed by Mindcaf Henri Eyebe Ayissi, during the recent budget review. This land acquisition aligns with the government's import-substitution policy, aiming to reduce dependence on imports by strengthening the national industrial fabric, the government official stressed.

Mindcaf has allocated a budget of XAF1.3 billion for the "Plaine Centrale" project in 2024. Minister Eyebe Ayissi emphasized that this funding will support the ministry's efforts in implementing the import-substitution policy and contribute to the success of the pilot phase in the Adamaoua region, where cadastral works are planned for 30,000 hectares.

Minister of Agriculture and Rural Development (Minader) Gabriel Mbaïrobe provided further details on the project's timeline and scope. He stated that the "Plaine Centrale" project will continue in 2024, focusing on the development and securing of 100,000 hectares of land in the Central and Southern regions.

Minister Mbaïrobe also highlighted the project's ambitious target for attracting investors. "The project plans to attract 160 investors each year during the first five years of phase 1, aiming for a total of 800 investors," he explained.

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