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Support for small and medium companies in the Economic and Monetary Community of Central African States

posted by www.equatorialguineaonline.com – March 1st, 2012

The statement recently issued by the banking entity, of which Equatorial Guinea, Cameroon, Congo, Central African Republic, Gabon and Chad are members, is committed to strengthening further the competitiveness of small and medium enterprises (SMEs), which represent the essence of local business in the countries of the Economic and Monetary Community of Central African States (CEMAC).

Making a commitment to competition and the development of a strong private sector in the CEMAC is the goal that has encouraged the Development Bank of Central African States (BDEAC) to inject a significant amount of money to support SMEs in the area.

The statement says the BDEAC grants this financial injection to show its commitment to promoting a strong private sector in the subregion. Also, we must remember that new management procedures enable companies to be competitive in a market dominated by imports from the West.

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