(Business in Cameroon) - On January 24, 2018, in Brazzaville, the management board of the Development Bank of Central African States (BDEAC) has reviewed and approved the opening of two credit lines with the Arab Bank for Economic Development in Africa (BADEA) worth $35 million (about CFA20 billion).  

According to the management, thanks to the fund obtained, BDEAC will be able to support the projects of SMEs and SMIs within CEMAC, especially those operating in various business sectors such as agriculture, agribusiness, fishing, breeding, industry, and trade with Arab countries.  

Let’s note that BDEAC’s new strategic vision defined in the 2017-2022 strategic plan is to concentrate its operational efforts to support member countries’ economic diversification, finance major integration projects and programmes and extend the range of the bank’s development tools aimed to support the private sector’s development, SMEs and SMIs especially.  

Sylvain Andzongo