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Business News of Friday, 31 January 2014

Source: Cameroon Tribune

Fcfa 817 Million Agric Projects Approved for SW

The project that begins by mid 2014 aims at promoting best farming practices and local conservation activities.

Stakeholders of the Sustainable Farming and Critical Habitat Management for Effective Biodiversity Conservation in Western Cameroon (SUFACHAC) have validated a 1.7 million U.S Dollar (about FCFA 817,256,736.68) worth project document. The project document was fine-tuned and adopted by stakeholders who met in a two-day workshop (21-22 January 2014) in Limbe organised by the Ministry of the Environment, Nature Protection and Sustainable Development and the University of Dschang with support from partners.

The project is envisaged to be implemented in the Bakossi National Park and the Banyang Mbo Wildlife Sanctuary all in the South West region. With various partners ranging from the United Nations Environment Programme (UNEP), Fauna and Flora International (FFI), Global Environment Facility (GEF) and other national partners, the project seeks to reconcile the exigencies of biodiversity conservation and the need to ameliorate the welfare of the local population within the context of maintaining essential ecosystem services and functions.

UNEP Representative, Adamou Bouhari, said the project has developed tools and guidelines for the government of Cameroon, the private sector and other stakeholders for social and environmental impact to be considered when ever investment activities are carried out.

The representative of the Governor of the South West Region, Tata Julius, pointed out that natural resources would mean nothing if not developed. He added that there must be a win-win scenario for mankind and the environment in exploiting these resources. The GEF Focal Point, Justine Nantchou, stated in his introductory statement that the project conceived in 2010 as a national priority will go to the implementation phase by mid 2014.