Yaoundé - 22 October 2019 -

Cameroon’s national personal property security directory is officially operational

Cameroon’s national personal property security directory is officially operational
  • Comments   -   Thursday, 23 May 2019 12:01

(Business in Cameroon) - Cameroonian finance minister, Louis Paul Motaze (photo), officially launches today May 23 in Yaoundé, the exploitation of the National Personal Property Security Register (RNSM). It is a database that centralizes information relating to personal property, conventional and credit security rights.

According to the minister, this directory supplements the real estate security rights registry. The property securities, favored by credit institutions, could not be produced by all categories of customers for access to credit, such as small and medium-sized enterprises (SMEs) and individuals.

The project to establish the Personal Property Security Registry, developed with the support of the World Bank, aims to reduce the difference in information levels between borrowers and money lenders. As a result, it should make credit more accessible.

As part of the implementation of an online RNSM system in Cameroon, the government reports that there are sanctions against financial institutions guilty of concealing or misrepresenting movable property pledged as collateral by borrowers.


On October 23, Homebiogas, an Israelian renewable energies company, will hand a biogas production kit to Nkol-Eton College in Yaoundé, Cameroon, the...
Today October 21, 2019, a delegation of French chocolate maker Puratos was in Ntui, in the Central region, Cameroonian Minister of commerce Luc Magloire...
During an interview, on October 21, 2019, Achille Nestor Basahag, director of accounting at the Cameroonian ministry of finance, revealed that in the...
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