logoBC
Yaoundé - 26 June 2022 -
Economy

Cameroon launches two rating and business plan development apps for SMEs

Cameroon launches two rating and business plan development apps for SMEs
  • Comments   -   Wednesday, 22 June 2022 14:13

(Business in Cameroon) - The Cameroonian government has launched two apps dedicated to the SME environment. One, NotaPme, is a rating app and the second, MyOBus, is for business plan development. The ceremony was presided over by Achille Bassilekin III (pictured), the Minister in charge of SMEs.

The SMEs Promotion Agency (APME), which built these tools, said they are useful to improve the bankability of APME-supported projects, through the provision of educational assistance in the design of the business plan on the one hand, and by issuing an opinion based on a set of measurable and factual criteria, on the credit risk, on the other hand. For banks and investment companies, these two applications provide additional information on the credibility and financial health of companies in demand while helping to improve their risk management.

APME explains that these new digital tools allow project leaders to simulate in real-time, the assumptions of the creation or development of their business. They will benefit from remote assistance, based on a didactic and pedagogical approach of various high-level speakers; the apps will also provide them with a board on their creditworthiness.

For providers of business support services, these applications improve the content and good practices of support through the strengthening of their notoriety and their reputation by the rate of conversion of supported projects into financed projects.

With these two platforms, Achille Bassilekin III said, major advances will be made concerning SMEs. This will allow investors, promoters, and business creators to increase the productivity of Cameroonian businesses.

Let’s note that 90% of SME promoters in Cameroon, according to the National Institute of Statistics, operate in the informal sector and have little or no knowledge of regulatory procedures for deployment on the local or international market.

S.A.

afriland-first-bank-cd-shaken-by-internal-conflicts-fueled-by-malpractice-accusations
For about a year now, Afriland First Bank CD - 95.6% owned by Afriland First Group- is ripped apart by internal conflicts. The bank’s majority shareholder...
the-port-authority-of-douala-launches-the-container-terminal-renovation
The Port Authority of Douala (PAD) announced it has started works to renovate its container terminal. The project is expected to improve the fluidity and...
mobile-money-tax-revenue-above-target-for-2022
Revenue from the Mobile Money tax in Cameroon stood at CFA7.3 billion between February and May this year, according to data published by the Directorate...
isdb-claims-a-cfa683bln-active-portfolio-in-cameroon
The Islamic Development Bank (IsDB) has an active portfolio of $1.1 billion (about CFA683 billion with current value) in Cameroon. The information...

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 »