logoBC
Yaoundé - 28 March 2024 -
Companies

CFA9.9 billion to pay Cameroon’s debt towards 303 SMEs

CFA9.9 billion to pay Cameroon’s debt towards 303 SMEs
  • Comments   -   Thursday, 14 June 2018 16:01

(Business in Cameroon) - CFA9.9 billion was disbursed to pay Cameroon’s debt toward 303 SMEs. This decision was officialized on May 24, 2018, by the finance minister Louis Paul Motaze. According to the authorization signed by the minister, this fund is to pay the debt owed to these companies between 2013 and 2017.

Let’s remind that this decision falls in the framework of the government’s policy to pay all its debts towards local  SMEs.  In that regard, in April, the finance minister had already authorized the payment of CFA30 billion to various companies and service providers.

So, within two months, Cameroon has already disbursed about CFA40 billion to pay its debt towards local SMEs.

Let’s note that according to ECAM, this debt is about CFA750 billion but, this year, the country has set CFA713 billion for these payments.

S.A

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »