Financing : Commercial Bank To Leverage SMEs

One of the commercial banks operating in Cameroon, National Financial Credit (NFC) Bank, has moved to support the Small and Medium-sized Enterprises Promotion Agency (APME) in easing access to funding for Small and Medium-sized Enterprises (SMEs) in the country. Both entities signed a partnership convention in Yaounde, October 17, 2019. While Jean Marie Louis Badga, Director General of APME signed for his agency, the General Manager of NFC Bank, Julius Berdu Manjo, penned for his institution.
The main objective of the deal is to get better financing for SMEs. It paves the way for the commercial bank to join other financial institutions which have extended a hand to the government in making SMEs veritable creators of wealth and employment.
Going by the partnership, NFC Bank and APME will closely work to facilitate access to finance for SMEs in Cameroon. Their joint actions will revolve around: sensitization and communication, capacity building to promote managerial and financial governance, facilitation of access to finance, the development and promotion of solutions and innovative mechanisms which favour access to finance for SMEs, amongst others.
NFC Bank, by the deal, has taken the engagement to put at the service of SMEs privileged products and specifically adapted services. The bank will also inform APME of all studies and an...