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Cameroon: Job, Wealth Creation in 2018 - SMEs Contributed 20 3 Percent to Gross Domestic Product
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Job, Wealth Creation In 2018: SMEs Contributed 20.3% To Gross Domestic Product
Government recently ordered a survey or
mapping of Small and Medium-size Enterprises, SMEs on aspects such as
competiveness,
contribution to job and wealth creation, and
inter-sector relations. Sponsored by the European Union at the cost of over 120,000 Euros (about 78.7 million FCFA), the study was supported by
The report was presented to the media in Yaounde on December 9, 2020 by
Achille Bassilekin III, the Minister of Small and Medium-size Enterprises, Social Economy and Handicraft. “I believe the report will revolutionize the manner in which government and stakeholders handle SME-related matters,” the Minister underscored. “Small and Medium-size Enterprises drive the economy, making up more than 90 per cent of enterprises in Cameroon. The survey will enable us to know in what areas to assist SMEs to become more competitive,” said