Proparco and I&P Team Up to Strengthen Agri-SMEs and Startups in Cameroon

(2 Minutes Read)

Proparco, a subsidiary of the French Development Agency (AFD), and the investment fund Investors & Partners (I&P) have recently unveiled the I&P Acceleration Farm program. This initiative, with a budget of €4 million (over CFA 2.6 billion), is designed to support and foster the growth of agricultural startups and small-to-medium enterprises (SMEs) across six African nations, including Cameroon.

In Cameroon, Fako Capital, an impact investment fund dedicated to high-growth startups and SMEs in the region, will manage the program. Founded by Vivian Tchatchueng, a Cameroonian and former I&P employee, Fako Capital will oversee its implementation, which is projected to continue until 2029. Financial assistance for participants will range from CFA 6.5 million to CFA 65 million, with repayment terms extending over 36 months.

Read Also;

https://trendsnafrica.com/spanish-assistance-to-boost-entrepreneurship-and-smes-in-cameroon/

In addition to financial aid, participants will receive technical support from a consortium of experts, addressing various challenges such as accounting, marketing, technology, legal matters, and climate change adaptation. The program is available to SMEs and startups involved in the agricultural value chain, which encompasses primary agriculture, processing, livestock farming, aquaculture, and agricultural services like agritech solutions.