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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

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