Yaoundé - 14 July 2020 -

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.


The Development Bank of the Central African States (BDEAC) provided CFAF271 billion of financial assistance for the implementation of 18 projects in the...
At the end of May 2020, Régie du terminal à conteneurs du port de Douala (RTC) posted a CFAF19.7 billion turnover despite the coronavirus pandemic and the...
Cameroon plans to control the debts generated by public institutions and enterprises over the 2021-2023 period, according to the provisions included in...
"It is with great pleasure that we announce the return of draught beer in the cities of Douala and Yaounde.” This message was published on July 13 by...

Mags frontpage

Business in Cameroon n88: June 2020

Covid 19 Its impacts so far

Emmanuel de Tailly (SABC) : «Preserving jobs at all costs»

Investir au Cameroun n98 Juin 2020

Covid 19 Et maintenant, l’étendue des dégâts

Emmanuel de Tailly (SABC) : «Maintenir l’emploi coûte que coûte »