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GICAM to launch SME development center

GICAM, will on Tuesday April 17, launch Cameroon's Small and Medium Enterprise Development Center (CDPME), in Douala. The announcement new…

GICAM, will on Tuesday April 17, launch Cameroon’s Small and Medium Enterprise Development Center (CDPME), in Douala.

The announcement new body according to GICAM officials, will act as a national reference center, provided with economic intelligence which will be put at the disposal of entrepreneurs, project promoters and the economic inclusion of the Cameroon Diaspora, GICAM said in a statement.

According to a GICAM survey, obstacles to the development of SMEs in Cameroon range from fiscal constraints (58.8 percent), corruption (50.6 percent), access to bank loans (37.6 percent), administrative red tape (35.2 percent), competition (25.8 percent), lack of infrastructure (18.4 percent) and the cost of credit financing (18 percent

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