PDC2V: 238 Beneficiaries Receive 8.48 Billion CFA

As part of the Project for the Development of Value Chains in the Food Sector (PDC2V), 238 beneficiaries from the second cohort of the shared-cost fund received their checks on Wednesday, November 13, 2024, in Yamoussoukro, during a ceremony presided over by Prime Minister Robert Beugré Mambé.

The 238 selected beneficiaries are receiving a total of 8.48 billion CFA francs, of which 3.44 billion CFA francs are allocated to young people, and 4.09 billion CFA francs to women. The promising projects of 774 other actors, amounting to 5.41 billion CFA francs, are pending approval. By the end of 2024, a total of 1,121 actors in the cassava, vegetable, and aquaculture sectors will benefit from 18.06 billion CFA francs.

Prime Minister Robert Beugré Mambé emphasized that the PDC2V was designed based on the directives of President Alassane Ouattara, with the goal of making Côte d'Ivoire the agricultural leader in Africa. He urged the beneficiaries to act as ambassadors for the youth of Côte d'Ivoire, encouraging them to engage more in agriculture.

"We will ensure that nearly everything we produce first feeds Ivorians before it feeds others," committed Kobenan Kouassi Adjoumani, Minister of State, Minister of Agriculture, Rural Development, and Food Production. "We will take up the challenge of food sovereignty," he promised.

A total of 23.74 billion CFA francs remain to finance new projects before 2026. It is worth noting that the first cohort consisted of 109 actors, whose projects were financed in 2023 with 4.92 billion CFA francs.

The Shared-Cost Fund (FCP) is a subcomponent of Axis 3 of the PDC2V, which focuses on mobilizing private investments along the value chains. It is a catalytic fund designed to stimulate investment projects by SMEs, private groups, or individuals selected through a competitive process, improving the competitiveness of targeted agribusiness value chains.

The FCP aims to help small actors reach the necessary maturity level, enabling them to access more sustainable sources of funding. This ensures the financial inclusion of the most vulnerable actors in the value chains. The total amount allocated to the FCP is 41.81 billion CFA francs.