The Small and Medium Enterprise Promotion Agency (APME) has signed agreements with three SMEs to provide them with incentives worth at least 3.2 billion Euros.

On 2 February 2022, Jean Marie Louis BADGA, General Manager of the Small and Medium Enterprises Promotion Agency (APME), signed agreements for investment incentives with companies whose activities are consistent with the National Development Strategy 2020-2030 (SND30).

The beneficiaries of this APME support are from different sectors of the economy: Ets Publi G Concept (agri-food sector), Saveurs du Cameroun (catering sector), and Afikulture Sarl (wood processing sector). Based in Eséka, a town located in the Centre Region, Afrikulture Sarl is developing an integrated agropastoral project where the maize produced will be used to feed chickens destined for the local market. Saveurs du Cameroun Sarl on the other hand envisages setting up a chain of restaurants in Yaoundé.

As public administrative institutions, APME and the Cameroon National Shippers' Council have a partnership agreement which establishes the mutual interest they share in the assistance they offer to importers/exporters for the promotion of foreign trade, thus optimising the assistance and supervision of SMEs through the establishment of partnerships with national and international institutions serving the interests of Cameroon's business community.

There is the need to raise awareness so as to inform many more interested companies on existing facilitation services offered on the one hand, and the eligibility criteria to benefit from such investment programs meant for SMEs on the other hand. This is an action that shall certainly help to boost Cameroon's economic growth provided the companies benefiting from this government assistance are subject to effective monitoring.

Source: Cameroon Tribune