– (Business in Cameroon) - Small and Medium-size Enterprises (SMEs) in Cameroon have been offered a new financing window for their activities. The French Development Agency through its programme, “ARIZ” for the financing of private investments in areas of the agency’s intervention” on Thursday October 10 signed an agreement with Attijariwafa bank for the financing.

Hervé Conan, the Director of the French Development Agency in Cameroon and Jamal Ahizoune, Director General of Société camerounaise de banques, part of Attijariwafa bank signed the agreement in the presence of the Minister of the Small and Medium-size Enterprises, Social Economy and Handicrafts, Laurent Serge Etoundi Ngoa and Morocco’s Ambassador to Cameroon, Lahcen Saile.

The convention will guarantee 50 per cent of the loans that the bank will give to actors of the SMEs sector for two years. Jamal Ahizoune is quoted by Cameroon Tribune as saying that the French Development Agency, Attijariwafa bank partnership will allow for SMEs in the country to easily access loans that can help them develop their activities and give a boost to socio-economic development.

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