Through the Inclusive Bond project, the Minister of Trade and the Minister of Small and Medium-Sized Enterprises and their colleague of Finance want to promote the development of business start-ups.

This week, Yaounde hosted a discussion presided by government ministers, including the Minister of SMEs, the Minister of Trade and the Minister of Finance (although some of them were also represented). The aim was to find a better financing mechanism for small and medium-sized enterprises.

And the solution that is being recommended is the one that FinAfrique is proposing with the Inclusive Bond project. Stakeholders agree that microfinance resources are insufficient to meet the growing demand.

A report by the International Labour Organisation and confirmed by Gicam, for example, shows that 86 per cent of the jobs in Cameroon are in the informal sector. The Inclusive Bond will therefore raise funds on the financial market and make them available to microfinance institutions to finance the informal sector, explains Fabrice Kom Tchente, Executive Director of the company. This sector accounts for 50% of gross domestic product.