Cameroon Cocoa Industry Gets Funding Boost

Cameroon received a USD5.6 million grant from the Washington-based World Cocoa Foundation, Xinhua report. The grant is expected to benefit some 30,000 farmers and producers in three of Cameroon’s cocoa production zones. It is part of the World Cocoa Foundation’s USD40 million initiative to boost the cocoa industries of Cameroon, Ghana, Nigeria, Liberia and the Ivory Coast.

The Bill & Melinda Gates Foundation supports the five-year program, Xinhua notes.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.