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Business: Small & Medium-sized Enterprises

Posted by Admin on Jan 12th, 2010 and filed under Business. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Godlove BAINKONG |12/01/2010 | Cameroon-Tribune

Cameroon to Tap from Algerian Experience Stakeholders to identify sectors of partnership soon.

Cameroon is considering a partnership with Algeria to gain from their experience so as to boost small and medium-sized enterprises in the country. Cameroon’s Minister of the Small and Medium-sized Enterprises, Social Economy and Handicraft, Laurent Serge Etoundi Ngoa last July visited Algeria to observe what is happening there and is expecting his Algerian counterpart in the country in the days ahead. Professor Etoundi Ngoa made this disclosure on Thursday January 7, 2010 after a courtesy visit paid him by the Algerian Ambassador to Cameroon, Toufik Milat. He said during their visit to Algeria last July they discovered that in a very short time Algeria was coming out of the Socialist system for their economy which gave advantage to big enterprises to come to the private economy (SMEs) and which is creating a lot of jobs and wealth. “We noticed that in three years they created more than 66,000 enterprises which means things can also be managed in our country”, the Minister said, adding that what they had done had been so fast and, “we want to follow their footsteps”. Reason why, he said, he and his Algerian counterpart decided to create a partnership which allows for them to have a document which would allow Cameroon tap from Algerian experience and vice versa. Professor Etoundi Ngoa said his colleague of Algeria will be in Cameroon for the Ministers of Crafts conference billed for Yaounde latter this month.

According to Mr Toufik Milat, he came to confirm to Professor Etoundi Ngoa that a delegation from Algeria will be coming and that what they began in Algeria last year will be pursued in Yaounde. The Minister said after they must have put up the partnership, they will then agree on the domains of cooperation.

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