Most companies created in 2016 in Cameroon were in the digital and arts sectors

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Most companies created in 2016 in Cameroon were in the digital and arts sectors

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- Thursday, 23 February 2017 13:16

(Business in Cameroon) - Young Cameroonians are creating increasingly more companies in the arts and digital sector. This is at least what is revealed by the statistics just presented by the Ministry of SME, Social Economy and Arts (Minpmesa).

Indeed, these two sectors registered the highest numbers in the 15,219 SME created last year. The arts sector, Minpmesa highlights, largely dominated this ranking, with 6,973 new SME registered in 2016.

This Ministry also pointed out that since 2000, the creation of companies has been steadily increasing in Cameroon, moving from 712 companies that year to over 15,000 in 2016.

This increase is attributed to the launch of Company Creation Formalities Centres (CFCE in French) in the country. These single windows gathering all the administrive services necessary for the creation of companies enable users to complete the process in 72 hours.

BRM

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