This is the 3rd phase Debt Reduction and Development Contract (C2D), for the financial years 2023 to 2024 and closing.
Make available to Small and Medium Enterprises (SMEs) and Small and Medium Industries (PMI) and other agri-food players a full range of services and support enabling their economic development. This is the mission of the Integrated Program for the valorization and transformation of agricultural and agri-food products (Transfagri).
Louis Paul Motaze, Minister of Finance (Minfi), has just launched a call for expressions of interest for the recruitment of an independent auditor, with a view to carrying out an accounting and financial audit of the said program of its 3rd phase debt reduction and development (C2D), for fiscal years 20234 to 2024 and closing.
The Minfi press release specifies that the carrying out of this audit is provided for by the resource allocation agreement for the Transfagri program number CCM 144301 K of June 28, 2018 in point 3.2 (e) which stipulates “the beneficiary undertakes to ensure that the project accounts are subject to annual audits until the final audit report is submitted. These audits will be carried out by an independent, internationally recognized and reputable audit firm selected after the agency’s opinion of no objection on the terms of reference of the audit mission and on the selected firm.
For the record, in Cameroon, the processing of agricultural products is still underdeveloped. This sector is characterized in particular by poor rural areas, although they account for 47% of the population. An agricultural sector which employs 60% of the active population, with a preponderance of the informal sector and 40% of the population living below the poverty line (55% in rural areas).
As part of the 3rd C2D, the Cameroonian and French authorities wanted the valorization and transformation of agricultural products to be one of the themes selected, with the aim of capitalizing on existing projects, perpetuating them and strengthening their coherence, by promoting a harmonious development of territories.
