In a landmark move to stimulate economic growth in Cameroon, the European Union and Yaoundé have unveiled a groundbreaking financial mechanism aimed at unlocking credit opportunities for small and medium-sized enterprises (SMEs). The initiative, launched on July 15, 2026, is part of the Project for Economic Development through Value Chain Promotion and Private Initiative Support (PAD-CV).
Under this program, up to 30 billion Central African CFA francs in bank loans will be made accessible to local businesses, backed by a 6 billion CFA franc financial guarantee provided by the EU. An additional 9.8 billion CFA francs will be allocated to technical assistance for entrepreneurs. Notably, the 6 billion CFA franc guarantee will not be disbursed directly to companies; instead, it will serve as collateral for banks when extending credit to eligible projects.
To participate, businesses must submit proposals through the official call for projects, which opened on July 15 and will remain active for three months. Shortlisted candidates will undergo a rigorous evaluation process, followed by tailored technical support to refine their business plans and ensure compliance with banking requirements. The ultimate goal is to present financially viable proposals that meet the strict criteria of lending institutions.
The initiative targets a broad spectrum of enterprises, including microbusinesses, SMEs, startups, cooperatives, common initiative groups (GIC), producer organizations, digital clusters, and incubators. A special emphasis will be placed on ventures led by women and young entrepreneurs, fostering inclusive economic participation.