logoBC
Yaoundé - 22 October 2019 -
Finance

Cameroon : Société Générale launches "Maison de la PME" in Douala to support local SMEs

Cameroon : Société Générale launches "Maison de la PME" in Douala to support local SMEs
  • Comments   -   Monday, 22 July 2019 12:25

(Business in Cameroon) - On July 18, 2019, in Douala, Cameroonian minister of SMEs Achille Bassilekin (photo at the centre) inaugurated maison de la PME. This institution was launched by Société Générale Cameroun to facilitate access to funding for SMEs.  

This institution was created in the framework of the programme "Grow with Africa" launched by french group Société Générale in November 2018, in Dakar, Senegal. One of the programme’s goals is to boost African SMEs’ development. According to the French group, SMEs constitute 90% of all the private companies existing in Africa. In addition, they provide 70% of jobs on the continent.

Grow Africa wants to increase Société Générale’s loans to African SMEs by 60% (€40 billion) within 5 years. This will increase the loans to €10 billion, the French bank’s managing director Frédéric Oudéa indicated during a press conference organized on November 29, 2019, in Dakar, Senegal.

BRM

cameroon-secondary-education-ministry-sensitizes-the-youth-on-environmental-problems-via-distribution-of-biogas-production-kit
On October 23, Homebiogas, an Israelian renewable energies company, will hand a biogas production kit to Nkol-Eton College in Yaoundé, Cameroon, the...
french-chocolate-maker-puratos-eyes-cameroonian-cocoa
Today October 21, 2019, a delegation of French chocolate maker Puratos was in Ntui, in the Central region, Cameroonian Minister of commerce Luc Magloire...
cameroon-public-treasury-plans-to-issue-card-for-civil-servants-salary-payment
During an interview, on October 21, 2019, Achille Nestor Basahag, director of accounting at the Cameroonian ministry of finance, revealed that in the...
cameroon-xaf3-500-bln-needed-for-the-reconstruction-of-anglophone-regions-rdpc
In Cameroon, more than XAF3,500 billion ($5.9 billion) will be needed to reconstruct the Anglophone regions, Jacques Fame Ndongo (photo), the ruling...

Mags frontpage


Business in Cameroon n80: October 2019

Agribusiness: Brazil ready to show Cameroon the way to higher spheres


Reviewing the state of things in the North and Far North


Investir au Cameroun n90: Octobre 2019

Le coût faramineux de la « crise anglophone »


Décollage réussi pour la Transahélienne de Camair-Co