FAGACE signs agreement with Cameroon to develop in the CEMAC region

Jun 25, 2015

The institution wants to adapt to the diverse realities of each CEMAC country.

The government of Cameroon and the African Fund for Guarantee and Economic Cooperation (FAGACE) announced the signing of an agreement for the creation of a regional representation in Cameroon to develop within the Economic and Monetary Community of Central Africa (CEMAC).

According to FAGACE, which aims to promote public and private investment and contribute to the economic and social development of its members, this decision is part of its decentralisation policy.

It aims to adapt to the diverse realities of members and better meet the specific needs of governments and economic operators of the CEMAC.

"In addition to improving the implementation of projects financed by the Fund in Cameroon, Congo, Chad and Central Africa, this agreement will help strengthen the dialogue with decision makers and mobilising additional resources for the subregion", said director of FAGACE Henri-Marie Dondra.

Furthermore, a cooperation agreement has been signed between the Office of Cameroonian companies (BMN) and the FAGACE to support the development projects of small and medium-sized enterprises in Cameroon.ADNFCR-2976-ID-801792306-ADNFCR