BY NDUMBE BELL GASTON
The Societe Generale group represented by their affiliate in Cameroun recently inaugurated a new specialized branch in Bali, Douala to support the sustainable development of SMEs in Cameroon.
the Minister and French Ambassador at Bali
Christened the Small and Medium-Sized branch, Societe Generale will assist in the structuring and realisations of SMEs projects, by upgrading their capacities and directly engage in their feasibility study process to create other private sector operatives, training and the creation of networks of the said enterprises.
The inauguration ceremony that was broadly attended by economic operators, the Minister of Small and Medium-Sized Enterprises Achille Bassilekin, Mecam, Gicam, the French Ambassador, the Government Delegate of the Douala City Council and others, is said to be the very first of its kind in Central Africa.
Speaking at the ceremony, the Minister of Small and Meduim-Sized Entreprises said the branch is to finance the needs of the enterprise, to favour its extension and to develop its base for good management because SMEs are an irreversible structure for the creation of riches and the fight against poverty. Therefore, he continued, this is a refueling station for the consolidation of the entrepreneurial ecosystem.
The Minister of SMEs then implored all stakeholders, those lacking financing of their projects, to make good use of the opportunity.