Friday, February fourteenth, the   UN says at least 22 people have been killed in a village in the Northwest region of Cameroon. Over half of those killed were children. No one has claimed responsibility for Friday’s incident but the opposition parties blame the killing on the government.

SME, SMI in Cameroon receive CFA50bn in loans


Cameroon’s International Savings and Credit Bank (BICEC), the local subsidiary of French group Banque Populaire, has so far pumped CFA50 billion in Small and Medium Enterprises (SMEs) and Small and Medium Industries (SMIs), the bank’s officials said on Friday.

This mainly comes from factoring, a financing mechanism consisting of transferring the debt of a company to a bank or another factoring institution.


This technique allows the company to immediately access cash to be able to meet its expenses, accelerate its development by attracting new customers and new markets.

Factoring allows for funding three times higher than what would be obtained through more conventional mechanisms such as overdraft.

The Cameroonian parliament first passed the law regulating factoring in 2014, with the government particularly emphasizing that this process will diversify the country’s business financing mechanisms.


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