15,219 Enterprises Created between 2010-2016

Economie
Christopher JATOR | 26-05-2017 13:25

The time to set up business is reduced from 72 hours to two hours online.

One of the laudable measures taken by government of recent is the establishing www.mybsuiness.cm for the creation of enterprises in Cameroon. The effectiveness of the measure is the reduction of the 72 hour duration for the creation of an enterprise to two hours in centers located in Garoua, Douala and Yaounde.
Through the One Stop Shop Enterprise Creation Center, which went operational a few months ago, the government set up the website as well as simplified procedures for the creation of enterprises. The latter have been further simplified, the cost and duration more and more reduced. Furthermore, since May 19, 2016, the procedures have progressively become virtual with the help of the website.
Jean Marie Louis Badga, General Manager of the center, revealed these figures during a two-day seminar to reinforcing the managerial capacity of personnel that kicked off in Douala, May 23. The seminar was opened by Njikam Aboubakar, Inspector General at the Littoral Governor’s Office.
In 2010, when there existed only two pilot centers in Yaounde and Douala 712 small and medium-sized enterprises were set up. This number rose tremendously to 11,498 in 2014 and 13,374 in 2015 to 15,219 enterprises by 2016, giving an increase rate of 99.1 per cent within the period of 2010-2016. The Inspector General attributed the rapid increase to the facilitation of procedures for the creation of enterprises.
Sponsored by the International Finance Corporation (IFC), experts from Cameroon and beyond are sharing their experiences with participants, who are for the most part personnel of the One Stop Shop for the Creation of Enterprises in the ten regional headquarters.