logoBC
Yaoundé - 18 April 2021 -
Finance

Cameroon and the UNDP launch session to update national financial inclusion strategy

Cameroon and the UNDP launch session to update national financial inclusion strategy
  • Comments   -   Friday, 13 November 2020 14:17

(Business in Cameroon) - Only 10% of the adult population has a bank account in Cameroon, according to the Ministry of Finance. At the same time, more than 50% of the over-15 population has no access to financial services, the same source indicates.

To increase the bancarization rate, the Cameroonian government and the United Nations Development Program (UNDP) launched a session on November 11, 2020, in Yaoundé to update the country’s national financial inclusion strategy. 

The session aimed to explore ways and means to significantly increase Cameroonians’ access to financial services over the 2021-2025 period. "We must step up our actions to bridge the gap between rural and urban areas, reduce the gap between the rich and the vulnerable, reduce discrimination between young and old and between men and women," said Finance Minister Louis Paul Motazé.

BRM

cameroon-close-to-2-7-mln-people-are-food-insecure-government
Close to 2.7 million people are food insecure in Cameroon, according to Minister of Agriculture and Rural Development Gabriel Mbairobé. The official...
cameroon-public-companies-recorded-xaf452-5-bln-of-external-debt-at-end-2020-caa
As of December 31, 2020, public companies’ external debt was XAF452.5 billion, according to the national sinking fund CAA. The Same source informs...
cameroon-appoints-the-11-members-of-the-national-mining-corporation-s-board-of-directors
On April 14, 2021, President Paul Biya signed a decree appointing 11 members of the Board of Directors of the National Mining Corporation (SONAMINES),...
cameroon-eurobond-repcam-9-5-19-nov-2025-becomes-attractive-days-after-refinancing-announcement
Since the announcement of the choice of Rothschild & Co as the lead arranger of Cameroon's second Eurobond operation, the quality of  REPCAM...

Mags frontpage


Business in Cameroon n98: March 2021

State personnel Time for a slimming diet


More support to boost the Cameroonian industry’s competitiveness


Investir au Cameroun n108: Mars 2021

Personnel de l’Etat Un régime minceur s’impose


Un soutien à la compétitivité de l’industrie camerounaise