RENEWAL OF THE FAGACE HEADQUARTERS AGREEMENT IN THE REPUBLIC OF CAMEROON
The Cameroonian Government and the African Guarantee and Economic Cooperation Fund (FAGACE) are pleased to announce the renewal of the FAGACE headquarters agreement. The solemn ceremony took place in the premises of the Ministry of External Relations of Cameroon today July 22, 2021.
This agreement, which comes within the framework of strengthening cooperation between FAGACE and the Republic of Cameroon, marks a new era for a dynamic and fruitful partnership.
Indeed, faced with the diversity of the realities of member countries and especially to better respond to the specific needs coming from Governments and economic operators of countries in the CEMAC zone, FAGACE has committed to a policy of decentralization of its activities with the creation of a regional representation in Central Africa, based in Cameroon.
Present alongside Cameroonian economic operators, the Fund has supported numerous development projects in cooperation with local banks and Investment Service Providers (PSI). Thus, the interventions made it possible to mobilize more than 90 billion FCFA in favor of local development projects. These results are appreciable, however the room for progress is still very large, given the dynamism of the players and the significant potential of the market.
In this regard, FAGACE intends to deepen the dialogue with development actors in order to make its contribution to the building of the country and the sub-region.
An appeal was launched to banks and PSI, to private and public economic operators in Cameroon as well as CEMAC member countries so that together, a synergy of actions is developed for the financing of development projects in Central Africa, a more competitive regional market, but also highly integrated.
To this end, the FAGACE Regional Representative Office in Central Africa located on the 4th floor of the CNPS Building in Bonanjo in Douala remains mobilized to work in close collaboration with the players in the ecosystem, notably banks, PSIs and all stakeholders. of projects.
