APME AND NEPAD WORKING TOWARDS THE MIGRATION OF CAMEROONIAN SMES FROM THE INFORMAL TO THE FORMAL SECTOR

27 October 2016

Top management of the Small and Medium Sized Enterprises Promotion Agency on Friday the 23rd of September 2016 had a brief working session with the representative of the New Partnership of African Development (NEPAD) Madam Nancy YANG NGUM.

During the one hour working session, both institutions focused on the possibilities of creating opportunities for the migration of Cameroonian SMEs from the informal to the formal sector.

To this effect, the representative of NEPAD presented programs and projects offered by their organization with focus in the sectors of: Agriculture, Education, Climate Change, Health and the Training of Youths.

She also made mention of their present project which involves the survey of SMEs in order to know their various levels and possibilities of getting them registered, give them access to training, growth and development.

The purpose of this project is to enable the SMEs to formalize their job creation procedures which will reduce unemployment and dependency on the Government.

APME on her part presented the variety of programs it offers to SMEs which are:

  • Modernization of SMEs program,
  • The Diagnostic tool program,
  • The Japanese KAIZEN program,
  • Incentive on investment and the
  • Program for the promotion of Entrepreneurial spirit among youths.

These programs are aimed at Modernizing, Restructuring, Training and Innovating the SMEs in other to make them more competitive to face the global market.

At the end of the working session, The Director General of APME Mr. Jean Marie Louis BADGA felt satisfied and promised on behalf of his staff to strengthen ties with NEPAD so as to succeed with the goal of migrating the Cameroonian SMEs from the informal to the formal sector for the emergence of our nation

NEPAD is an African organization with Head Quarters in South Africa. Its objective is to implement the projects of the African Union and to Survey the informal sector in Africa alongside the Swedish International Development Agency (SIDA).

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