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X-ORIGINAL-URL:https://www.foretiafoundation.org/
X-WR-CALNAME:Denis & Lenora Foretia Foundation | Catalyzing Africa's Economic Transformation
X-WR-CALDESC:Catalyzing Africa's Economic Transformation
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BEGIN:VEVENT
CLASS:PUBLIC
DTSTART;TZID=UTC:20201130T150000
DTEND;TZID=UTC:20201130T163000
DTSTAMP:20220908T102800
UID:MEC-7392ea4ca76ad2fb4c9c3b6a5c6e31e3@foretiafoundation.org
CREATED:20220908
LAST-MODIFIED:20220908
PRIORITY:5
TRANSP:OPAQUE
SUMMARY:Disseminating The Research Findings Of A Thematic Report On Obtaining Credit In Cameroon
DESCRIPTION: BackgroundIn developing economies including Cameroon, access to finance is among the top constraints entrepreneurs face when they want to scale up their businesses. A critical look at the World Bank Doing Business Indicator of Access to Credit in Cameroon from 2007 to 2020 show that the country has made some progress in the getting credit indicator as compared to other Sub-Saharan African countries. In fact, in 2007, Cameroon’s 117th position was behind countries like Gabon’s 101th or Mozambique’s 87th positions. Currently, Cameroon has surpassed those countries which respectively rank 132th and 165th. However, Cameroon is yet to have its best ranking on getting credit index. Indeed, the information asymmetry between borrowers and lenders makes it difficult to channel available resources to the productive sectors of the economy. In addition, the procedures and conditions required for obtaining credit are too cumbersome to a spectrum of ordinary citizens most of whom are employed in the informal sector. Consequently, only 14.20% of firms in the formal sector report having a line of credit or a loan from a financial institution while 41.1% of firms identify access/cost of finance as a “major” or “very severe” obstacle. The big question which evoked concerns for this study is, why are so many firms excluded from the formal financial sector in Cameroon?\n Purpose of the event\nThe seminar is aimed at the following:\nTo disseminate the findings of a thematic report on obtaining credit in Cameroon;\nMake an evaluation of the current state as regards access to credit in Cameroon;\nPropose recommendations for policymakers that can help improve Cameroon’s position in the ranking.\nDate, host, and methodology of the event\n The seminar is scheduled to take place online via Zoom on November 30, 2020 from 3:00 pm to 4:30 pm (Cameroon Time). It will be hosted by the Nkafu Policy Institute, a leading Cameroonian think tank lodged at the Denis and Lenora Foretia Foundation. The discussions will be registered and shared with registered participants.\n Panelists\n The panel will be constituted of three speakers and a moderator. They include:\nModerator:\nMr. Henri Kouam – Economic Policy Analyst at the Nkafu Policy Institute; Yaoundé-Cameroon.\n Thematic concerns\nThe discussion will be focused on four main issues that individuals and companies encounter in obtaining credit in Cameroon, and are formulated as follows:\nIs the current state of Cameroon’s ranking in “getting credit index” encouraging?\nAre the procedures to obtain credit in Cameroon be described as too complex? Is it a bitter pill for applicants to swallow?\nAre the conditions for obtaining credit in Cameroon favorable to foreign investors?\nAre the conditions for obtaining credit often difficult for women to meet? What are some of the recommendations that can be made to improve the situation of women in particular and the overall conditions in obtaining credit in Cameroon?\n Participation\n The event envisages to bring participants from various sectors including but not limited to potential investors, individuals from the public and private sectors, the media, as well as economists and researchers. There is no participation fee. The only requirement is to register online for the event and have access to internet.\nExpectations\nAt the end of the event, participants are expected to know:\nWhether the current state of Cameroon’s ranking in “getting credit indicator,” is encouraging or not.\nIf the procedures to obtain credit in Cameroon is complex, and whether it is a bitter pill to swallow by applicants.\nWhether the conditions for obtaining credit in Cameroon are favorable to foreign investors or not.\nIf the conditions for obtaining credit is often difficult for women to meet.\n.fusion-button.button-58 {border-radius:0px;}REGISTER HERE.fusion-body .fusion-builder-column-173{width:100% !important;margin-top : 10px;margin-bottom : 10px;}.fusion-builder-column-173 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-173{width:100% !important;order : 0;}.fusion-builder-column-173 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-173{width:100% !important;order : 0;}.fusion-builder-column-173 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}.fusion-body .fusion-flex-container.fusion-builder-row-107{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}\n
URL:https://www.foretiafoundation.org/event/disseminating-the-research-findings-of-a-thematic-report-on-obtaining-credit-in-cameroon/
ORGANIZER;CN=Nkafu Policy Institute:MAILTO:info@foretiafoundation_org
CATEGORIES:Event,Events,Nkafu Policy Institute,webinar
LOCATION:Zoom Online
ATTACH;FMTTYPE=image/png:https://www.foretiafoundation.org/wp-content/uploads/2020/10/Access-to-credit-in-cameroon_Link.png
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