FCFA 25 billion to Small and Medium Size Enterprises (SME) in Cameroon affected by COVID-19

15 Dec 2020 | News | 0 comments

A protocol agreement was signed between the government of Cameroon represented by Louis-Paul Motaze and Société Génerale Cameroon (SGC) represented by its general manager Mareme Mbaye Ndiaye on December 10, 2020, to make available a financial grant of FCFA 25 billion destined to Small and Medium Size Enterprises (SME) in Cameroon affected by COVID-19 pandemic, in the presence of the Minister of Small and Medium-Size Entreprises, Achille Bassilekin III.

According to the Minister of Finance Louis-Paul Motaze, this initiative by SGC to assist SMEs to bounce back from the negative effects from COVID-19, falls in line with the President’s instructions which the government through the Prime Minister and Head of government had taken some primary decisions since mid 2020.decision which include certain tax and subsidies adjustment to enterprises and guarantee their functioning. The decisions will continue in the projected budget of 2021.

By Narius Ayuk-Ako

Naviguez par Tags : Louis-Paul MOTAZE | SGC

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