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147 Congolese Enterprises to benefit from 1.3 billion FCFA

The list of the winners of the Business Plan Contest (CPA) and the SME Development Support Fund (FADPME) was unveiled on April 13 in Brazzaville. A total of 120 business creation projects and 27 developing companies were selected by the experts after a Joint Congo / World Bank program.

Beneficiaries of the first cycle of the CPA and the first generation of the FADPME, falling within the framework of the Business Development Support and Competitiveness (PADEC), are selected at the end of the exam work entrusted to local and foreign experts. More than 1113 applications initially, then 230 best preselected files, it is finally 147 applications that have been selected.

These SMEs will receive grants from Congolese state according to shared cost mechanism. Subsidies vary between 5 million and 100 million CFA francs per beneficiary. The selection committee sorted through the main cities of the country and formed the postulants, especially in Brazzaville, Pointe-Noire, Kinkala, Owando, Dolisie, Makoua and Oueseo. The criteria of choice remain the relevance of projects, the oral capacity of the candidates and the sector of activity.

According to the Minister of SMEs, craftsmanship and the informal sector, Yvonne Adelaide Mougany, the goal has been achieved, that of engaging entrepreneurial culture among young people and women. All social layers have been selected in this national private sector support initiative, as women account for 31% of all winners and 14% for vulnerable people.

“It is therefore with the great satisfaction of a promise held that I confirm the distinction of 120 files, whose authors will benefit so much of the entrepreneurship training cycle and especially prices allowing them to begin with more than Strengths of success their entrepreneurial adventure (…) I would like to reiterate my favorable assessment for the quality of the results achieved, following a work up to expectations, executed by the PADEC teams, the selection committee, the Ministry Guardianship and consultants, “said Yvonne Adelaide Mougany.

We must remember that PADEC is a funded project through a World Bank loan up to $ 25 million, about 14.6 billion CFA francs. Two tools have been put in place: CPA and FADPME. Due to the health crisis related to COVID-19, the coordination of the project has decided to simplify the selection process, thanks to facilities that are granted to business developers in creation or developing whose resources have been affected by The pandemic.