Promote 2022: Afriland First Bank commits to sponsoring 20 SMEs
On January 19, 2022, Inter-progress Foundation, the organizer of the Yaoundé́ International Exhibition for SMEs and Partnership (PROMOTE), signed a
Source: businessincameroon.com
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Cameroon: African Guarantee Fund signs XAF5 bln credit line guarantee to boost Afriland First Bank's credit to local SMEs
’s mission and demonstrates the strong commitment that has guided our daily action since our inception, namely to support the entrepreneur, promote SMEs, and support ," indicates Alphonse Nafack. The agreement is signed in a context where SMEs (known to be major actors in the Cameroonian economic space) are facing enormous problems in accessing bank financing necessary for their expansion. According to the National Institute for Statistics (INS), Cameroonian SMEs, which generate 35% of GDP and provide 70% of the country's jobs, regularly encounter financing problems. Those problems...
Source: businessincameroon.com