logoBC
Yaoundé - 29 March 2024 -
Public management

Cameroon to start paying its debt towards local SMEs during Q2 2018, government reveals

Cameroon to start paying its debt towards local SMEs during Q2 2018, government reveals
  • Comments   -   Tuesday, 13 March 2018 13:40

(Business in Cameroon) - During the second quarter of 2018, Cameroon will start paying the debt it owes local SMEs for services they offered to the public administration. This promise was made by  government during the 9th edition of Cameroon Business Forum (CBF) on March 12, 2018, in Douala.

For the record, public authorities have initiated an audit to determine the exact volume of this debt. But, as far as Entreprises du Cameroun (ECAM) is concerned, it estimates that this debt is about CFA750 billion. It should be noted that during his new year’s address to the nation, Paul Biya declared that paying the debt owed to SMEs was the priority this year.

BRM

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »