AFD gives 9.8b FCFA as loan for sectoral vocational training

The Cameroonian Government and the French Development Agency (AFD) signed Friday, an assignment of a debt agreement grant agreement and development (C2D) of 9.8 billion CFA FRANCS for the creation of sectoral vocational training Centres (CFPS).

This envelope is dedicated to the establishment of two centres of trades of industrial maintenance and transport/logistics and agro-industry in job growth at Douala and Edea (Littoral).

These CFPS will train technicians through chains of initial mentoring youth having completed the first cycle of secondary school, or those already with experience and who can demonstrate a level sufficient for learning.

Managed by the private sector, these institutions will develop a function of resource centre offering support business consulting services. It is expected, as early as the beginning of 2017, with the initial training of some 400 students, whose number will be tripled in a space of 8 years.

Set up in 2006 with a total investment of 566 billion CFA FRANCS, the C2D is a system of cancellation of bilateral debt which is then invested in the sectors of agriculture and rural development, infrastructure and urban development, health, education, training as well as the environment.