Cameroon and UK explore green finance deal to boost agro-industrial growth

Cameroon and the United Kingdom have stepped up discussions on environmental financing and sustainable development, with high-level meetings in Yaounde focusing on access to green funding, job creation, and the revival of the country’s agro-industrial sector.

On February 24, Cameroonian Prime Minister Joseph Dion Ngute received a British delegation led by Ruth Davis, the UK’s Special Representative for Nature, accompanied by Matt Woods, British High Commissioner to Cameroon. Earlier the same day, Minister of the Economy, Planning and Regional Development Alamine Ousmane Mey also held talks with the delegation.

At the centre of the discussions was the challenge of reconciling economic growth with environmental protection. Davis praised Cameroon’s longstanding record in conserving biodiversity and noted the personal commitment of the Cameroonian President to environmental stewardship. “The conversation was excellent and aimed at strengthening partnership and collaboration between the United Kingdom and Cameroon in protecting the environment while supporting sustainable development,” she said.

Officials highlighted the importance of ensuring that countries with significant biodiversity and a history of environmental conservation have improved access to international green finance. Both sides agreed to continue working together to make these resources more accessible for projects aligned with climate and environmental goals.

The discussions also emphasized linking economic growth, job creation, and environmental sustainability. Government officials said integrating national environmental priorities into development policies is crucial to boosting agriculture, creating decent employment, strengthening socio-economic infrastructure, and promoting long-term prosperity within a healthy natural environment.

This initiative follows recent moves to strengthen Cameroon’s agro-industrial sector. In December 2025, loan agreements worth CFAF 51.8 billion were signed to support the Cameroon Development Corporation, the country’s second-largest employer after the State. The funds aim to modernize production and reinforce the corporation’s role in economic recovery.

The meetings align with Cameroon’s National Development Strategy, NDS30, which targets inclusive and sustainable growth, poverty reduction, large-scale job creation, and balanced territorial development. The strategy also emphasizes environmental protection as a key pillar for long-term prosperity.

Bilateral cooperation between Cameroon and the United Kingdom spans sustainable resource management, combating illegal timber trade, and supporting development projects in agriculture and energy. The collaboration also extends to trade, defence, security, and education, reinforced through their shared membership in the Commonwealth.

Observers said the proposed green finance deal could provide Cameroon with access to concessional funding, technical expertise, and capacity-building initiatives needed to scale up agro-industrial projects while maintaining environmental standards. Such support is considered critical as the country seeks to recover from the economic disruptions caused by global market shocks and climate-related agricultural challenges.

“Securing green finance is an essential step for Cameroon to simultaneously protect its environment and boost socio-economic growth,” said a government official familiar with the discussions. “It also strengthens Cameroon’s position as a regional leader in sustainable development.”

The talks in Yaounde mark a renewed effort to formalize environmental financing mechanisms and integrate them into broader economic development policies. Both Cameroon and the United Kingdom emphasized the need for transparent, accountable, and results-driven use of funds to ensure that projects benefit both people and the environment.

Analysts said the partnership could serve as a model for other African countries seeking to leverage international green finance for industrial revival and sustainable growth.

Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *