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Brazilian investors eye Cameroon’s agribusiness sector

Brazilian investors eye Cameroon’s agribusiness sector

Paru le mercredi, 07 septembre 2022 16:26

The Cameroonian minister of agriculture and rural development met last September 5 in Yaoundé with a delegation of Brazilian investors, researchers, and academics to discuss investment opportunities in Cameroon. The Minister of Small and Medium Enterprises and the Minister of Livestock, Fisheries, and Animal Industries also participated in the discussions.

"We are receiving a large delegation of university and industrial leaders who operate in the field of corn, coffee, fish farming, and poultry farming," said Minister of Agriculture Gabriel Mbaïrobe (pictured). This meeting will enable Cameroon to boost youth entrepreneurship and allow “some of our economic operators to establish B2B relations with Brazilian operators,” he said.

In recent years, the two nations have increased their cooperation in several areas including education, health, agribusiness, and defense. "Brazil is very advanced in innovation and technology, so there will be technology transfers. They have mechanized their agriculture sector based on the results of the research of the science of productivity. At the end of this visit, At least 10 scholarships will be granted to students for training in Brazil," said Minister Gabriel Mbaïrobe.

During their visit, which ends on September 11, the Brazilian delegation will sign a cooperation agreement with the Practical School of Agriculture of Binguela, located near Yaoundé. "It is time to put into practice what we have learned. We already have legal instruments for this cooperation. Now we must move to practice," said Patricia Maria Oliveira Lima, Ambassador of Brazil to Cameroon.


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