Le 2 janvier dernier, la International Finance Corporation (SFI) has approved a loan of 60 million dollars, or 37.5 billion FCFA, for the benefit of the Cameroonian banker Afriland First Bank.

IFC is the World Bank's subsidiary dedicated to financing the private sector. According to the Cameroonian authorities, the loan granted to Afriland First Bank will allow the leader of the banking market in Cameroon to boost its long-term loans in favor of local SMEs, which represent more than 99% of the national economic fabric, according to the

The Cameroonian authorities through this loan agreement to finance 20 million dollars of the total amount, while the remaining 40 million dollars will be mobilized from other partner lenders. The financing maturity is 5 years, with a grace period of 12 months. This loan exclusively intended for SMEs will make it possible to finance a proportion of at least 25% of businesses owned by women, we officially learn