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Cashew campaign: Senegal obtains 19 billion CFA francs from the DER

20/05/2021
Categories: Economy/Forex

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The Minister Delegate General of the General Delegation for Rapid Entrepreneurship of Women and Youth (DER/FJ), Papa Amadou Sarr announced that the institution has structured 19 billion FCFA for the cashew campaign. It was during a regional development committee (CRD) dedicated to the launch of the 2021 cashew marketing campaign.

Under this financial envelope, CFAF 15 billion is devoted to the campaign itself and CFAF 4 billion to production. The funds will be disbursed in the form of a loan for the benefit of local actors in the sector, at the rate of 60 million for inputs, research and development; 2 billion for production; CFA 135 million for producers' cooperatives; 1.2 billion for storage in hangars; 1 billion for processing; 15 billion for marketing; 100 million for technical support, contracting and training. In addition to the launch of the 2021 cashew campaign, the audience was also presented with the results of the actions of the DER/FJ for the 2020 cashew campaign where the DER was also involved through a financing line of 12 billion CFA francs. Over this last 2020 season, the overall volume exported is estimated at 40,145 tons, a financial value estimated at 22,837 million CFA francs. To date, 90% of the 12 billion CFA francs disbursed in 2020 have been reimbursed by the beneficiaries.

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