Cameroon: Gov’t Engages Business Women
Source: Cameroon Tribune du 06/08/2012
800 enterprises imminent in the agreement signed on Monday between MINEPAT and GFAC.
The government of Cameroon has engaged the Association of Cameroon
Business Women (GFAC) in enterprise creation with the goal of setting up
enterprise creation outlets in all the ten regions as well as creating
800 enterprises across the country in the next six years. The Minister
of the Economy, Planning and Regional Development (MINEPAT), Emmanuel
Nganou Djoumessi and GFAC President, Françoise Foning signed the
agreement in the Conference Hall of MINEPAT in Yaounde yesterday August
6.
The agreement specifies the modalities for government support to GFAC
in the enterprise creation project for a three-year renewable time
frame. According to the terms, technical studies are to be carried out
and a maquette drawn up for the setting up of two pilot enterprise
creation outlets in Yaounde and Douala in the first year, two others
still in the same cities in the second year as well as for studies and
maquette for the construction of enterprise creation outlets in the rest
of the regions from the second to the fifth years.
The agreement also makes provision for the creation of 800
enterprises across the country. This entails creating 50 enterprises in
Yaounde and Douala in the third year, 100 in two other regions in the
fourth year, 150 in two other regions in the fifth year as well as the
remaining 200 and 300 in the other regions throughout the sixth year. It
emerged from yesterday’s agreement that FCFA 120 million has been put
in place for the technical studies and the maquette for the ten regions,
FCFA 120 million for the enterprise creation pilot outlets in Yaounde
and Douala, FCFA 480 million for the construction of other outlets in
the other eight regions and FCFA 1.25 billion for the setting up and
functioning of the 800 enterprises across the country.
Speaking at the ceremony, the MINEPAT boss said government attaches a
lot of importance to its growth vision to entrepreneurship, especially
in the productive sector of the economy. This is not only because of its
weight in wealth and job creation, but also because of its importance
to reducing the country’s perennial trade imbalance. “We need to produce
what we consume and in large quantities so as to export the surplus and
improve our trade balance,” Mr Nganou Djoumessi said. To Mrs. Foning,
government’s gesture is a welcome relief to GFAC, which she said,
initiated the project over ten years ago.
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