Cameroon and World Bank Group launch AgriConnect Compact to transform food sector
What happened
The Government of Cameroon and the World Bank Group announced the launch of the Cameroon AgriConnect Compact on October 23, 2026. This strategic initiative aims to transform the country’s food sector and improve food security for millions of Cameroonians. The Compact focuses on eight priority value chains, including maize, rice, cassava, oil palm, cocoa, soybeans, dairy, and fisheries and aquaculture. The partnership seeks to attract private investment and reduce dependence on food imports by investing in agricultural infrastructure and services.
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Why it matters
Cameroon’s food sector contributes 17 percent of its GDP and accounts for over half of the country’s non-oil export earnings. The Compact aims to boost productivity and create jobs by strengthening sector policies and expanding access to finance. This coordinated framework is aligned with Cameroon’s National Development Strategy (NDS30).
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Who's involved
- Ministry of Agriculture and Rural DevelopmentCo-chairs the Steering Committee overseeing the Compact's implementation.
- World Bank GroupProvides financial partnership and investment for the AgriConnect Compact.
- CameroonThe sovereign state where the AgriConnect Compact is being implemented.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CameroonSpeculative
Cameroon might see increased private investment and policy support for its food sector.
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The entities involved
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Ministry of Agriculture and Rural Development
agriculture ministry of Colombia
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World Bank Group
group of five international organizations that make leveraged loans to developing countries
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Cameroon
sovereign state in West-Central Africa
Related events
- Cameroon's finance ministry is preparing a budget document as the country seeks budget support from the IMF, utilizing its central bank reserves and parliament.
- The French Development Agency (AFD Group) currently manages the largest active portfolio of development projects in Cameroon.
- Cameroon appeals for Italian investment in the energy sector and seeks World Bank support for major national projects.
- The African Development Bank is funding a project aimed at supporting cross-border trade within the CEMAC region in Cameroon.
- A research project consortium, funded by the FCDO, is studying deforestation linked to commodity supply chains in Cameroon.