Survival Strategies in a Turbulent Business Environment: The Case of Sole Proprietorship Company (SPC) in the Northwest and Southwest (NWSW) regions of Cameroon GallerySurvival Strategies in a Turbulent Business Environment: The Case of Sole Proprietorship Company (SPC) in the Northwest and Southwest (NWSW) regions of Cameroon
Survival Strategies in a Turbulent Business Environment: The Case of Sole Proprietorship Company (SPC) in the Northwest and Southwest (NWSW) regions of Cameroon
By Merlin Mfondo, Ph.D. (Download Pdf) INTRODUCTION Each changing decade in the business world brings with it a changing paradigm and a new way of acting to adapt to this changing paradigm. As such, businesses face downturns and upturns in respective phases of their life cycle. Root (2017) explains that getting a business to survive a downturn requires planning and rigorous execution of the plan when gloomy days show up. According to Suikki et al., (2006), new competencies are required to cope in any business characterized by uncertainty and inability to predict the future. For Calantone et al., (2003) [...]
Enhancing SME development in Cameroon: Evaluating Government support program
By Desmond Kum (Download PDF) INTRODUCTION Small and medium-sized enterprises (SMEs) are the backbone of the Cameroonian economy, accounting for over 90 percent of all businesses and over 70 percent of the employment force. However, SMEs in Cameroon face several challenges, including access to finance, markets, and skills training. These challenges hinder growth and the ability to contribute to economic development. According to the World Bank 2022 report on the state of SMEs in Cameroon and a Dalberg report of 2011 on the impact of government support programs on SMEs in Cameroon, the government of Cameroon has many support programs put in [...]
The Need For a Startup Act In Cameroon
Download full report This brief was produced as part of the project: Powering Prosperity and Economic Freedom for Women and Youth in Cameroon (PPEF project), implemented since September 2022 by the Small Business and Entrepreneurship Center (SBEC) of the Denis and Lenora Foretia Foundation. It is made possible by the financial support of the Rising Tide and John Templeton Foundations. This three-year project aims to build a more robust and diverse middle class, promote economic freedom, and empower women and youth. The Denis & Lenora Foretia Foundation was created to catalyze Africa’s economic transformation by focusing on social entrepreneurship, [...]
SBEC Forum 2023 Report
Download full report Introduction The Cameroon’s government in its new National Development Strategy 2020- 2030 (NDS30) desires to change the structure of the country’s economy in terms of value-added and employment. By defining the objective of increasing manufacturing production to 25% of GDP by 2030, the government has set itself the goal of shifting the production system from the primary sector (raw material exported) to a manufacturing sector, with high added value and massive job creation for all. To achieve the growth objectives set for 2030, the Cameroonian government and all other actors of the Cameroonian entrepreneurial ecosystem should [...]
Formalizing Businesses to Improve Performance and Access to Financing for SMEs in Cameroon
By Laurent Brice Nsengue & Dr. Jean Cedric Kouam (Download full pdf) Introduction According to the International Labour Office (ILO), the informal sector refers to a set of units producing goods and services with the primary aim of generating employment and income for the people concerned. These unorganized units operate on a small scale, with a limited division of labor and capital. Business formalization is therefore the process of moving a business from the informal to the formal sector by giving it legal recognition and separating it from its owners. Today, business formalization is directly linked to financial inclusion, [...]
Focus on Public-Private Partnerships in Cameroon
PPPs are an effective and timely financing model when both parties involved – from the public and private sectors – strictly adhere to the terms of the contract governing their partnership agreement.
Challenges and Opportunities of Small and Medium Sized Enterprises Development in Cameroon
This report highlights the relevance of enterprise development for sustained, inclusive and sustainable growth in Cameroon.
