Facilities in order to upgrading enterprises

The Office of business upgrade (BMN) and Africa Leasing Company (Alc) have sealed their union by a partnership agreement on Monday in Yaoundé.

By initialling the documents, Alc represented at the ceremony by Pierre Kam, administrative CEO, agrees to grant preferential facilities to companies admitted to the program that made the request.

"Partnership agreement signed responds to the need for involvement of financial institutions and the banking sector in the accompaniment of enterprises to the achievement of their upgrade plan", said Dieudonné Bondoma Yokono, Chairman of the Steering Committee of the MNB and Chairman of meeting.

As agreed in the terms of the agreement, ALC as an expert in leasing activity, will provide business services such as leasing, investment credit and long-term renting.

The BMN is committed meanwhile to reassure its partner for the effectiveness of the investment program of the company to upgrade. The modality of implementation of this tripartite partnership relies on benefits, confidentiality, termination and applicable fees, among other things. For Chantal Elombat Mbedey, Director of the BMN, this is a big step as this relationship is part of the fulfilment of its sovereign missions, including the positioning of the companies in the industrial sector.

Indeed the BMN was created in 2011 for the upgrade of 600 local enterprises in a period of four years and companionship for the certification and accreditation of Cameroonian enterprises through various programs.

Its strategic axes are the upgrade of enterprises, support to the improvement of the quality management system and access to better financing conditions. Today, the structure has already supported 50 businesses and account conquer the others to the year 2017.

Valid for five years, the partnership between the BMN and the ALC convention will end April 30, 2020, after perfect implementation of extinctions of rights and benefits to achieve and obligations of each party.