19 March 2018

Cameroon Training Workshop on Inclusive Finance for Development Minerals

 


Yaoundé/Cameroon


 

 

Forty four (44) participants drawn from Cameroon’s financial sector including commercial banks, development banks, and micro-finance institutions took part in a 4-day training workshop on Inclusive Finance for Development Minerals in Cameroon held from 19-22 March 2018 in Yaoundé. Other high-level representation at the training workshop was drawn from the Ministry of Ministry of Mines and Technological Development (MINMIDT); Cameroon’s Chamber of Commerce and Mines, Groupement inter-patronal du Cameroun (GICAM)- the umbrella organization for SMEs; MIPROMALO – the government agency charged with promoting the use of local materials especially in the housing and construction sectors; GIMERC Sarl; and representatives of sand mining cooperatives in Ebebda and Meyo Nyaka that were supported to formalize by the ACP-EU Development Minerals Programme in Cameroon.

The ten (10) financial institutions that participated in the training workshop comprised of six (6) commercial/development banks and four (4) microfinance institutions. As a result of the training, representatives from the ten financial institutions developed a roll-out strategy for enhancing access to finance for the Development Minerals sector, with five financial institutions formally signalling their intent to offer affordable financial access to the miners and their cooperatives.

 

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