The announcement was made during a press briefing that the Minister of Small and Medium-Sized Enterprises, Social Economy and Handicrafts gave on October 5, 2020. During a press briefing he gave Chaired on October 5, 2020, the Minister of Small and Medium Enterprises (MINPMEESA), Achille Bassilekin III, announced the distribution of two billion FCFA to players in this sector of activity in the ten regions of the country.
It will be “in a few weeks”, It is an envelope of the Operation Special Fund for post-Covid-19 economic recovery.
According to the minister, “these financial resources are intended to finance two activities: direct support for SMEs with high potential disaster victims (1.5 billion FCFA) and support for artisans, actors of cooperative societies manufacturing artisanal masks and hydro-alcoholic gels, OES for a sum of CFAF 500 million.”
To be eligible for this donation, “you must be a Cameroonian company with proof of legal existence and affiliated with an umbrella body; operate in sectors that have been strongly impacted by the novel Coronavirus pandemic, in particular the transformation of local products, the digital economy, the production of digital media and event media, among others; the business should have been in effective and continuous activity since at least the beginning of the 2019 financial year and have been registered.
As for artisans and craft businesses, you must be Cameroonian or be a Cameroonian craft business, have been registered with a municipal craft office for at least three years, belong to the textile or cosmetic industry. The craftsman must also be up to date with his tax contributions and prove that he is affiliated with the CNPS. Work in particular in the manufacture of masks or hydro-alcoholic gels, among others. These conditions are also valid for organizations of the social economy.”
The candidates will have to put together files in due form. Then, it will be the process of selecting bidders and monitoring and evaluation of the destination of the financial support granted. The selected files will finally be sent to the Ministry of Finance for payment.
