{"id":12538,"date":"2023-03-14T11:24:07","date_gmt":"2023-03-14T11:24:07","guid":{"rendered":"https:\/\/www.foretiafoundation.org\/?p=12538"},"modified":"2023-03-14T11:24:07","modified_gmt":"2023-03-14T11:24:07","slug":"challenges-and-opportunities-of-small-and-medium-sized-enterprises-development-in-cameroon","status":"publish","type":"post","link":"https:\/\/www.foretiafoundation.org\/staging\/challenges-and-opportunities-of-small-and-medium-sized-enterprises-development-in-cameroon\/","title":{"rendered":"Challenges and Opportunities of Small and Medium Sized Enterprises Development in Cameroon"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1200px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:10px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:10px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-spacing-right-small:0px;--awb-spacing-left-small:0px;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p><a href=\"https:\/\/nkafu.org\/download\/challenges-and-opportunities-of-small-and-medium-sized-enterprises-development-in-cameroon\/\" target=\"_blank\" rel=\"noopener\">Download the full report &#8211; pdf<\/a><\/p>\n<hr \/>\n<h4>EXECUTIVE SUMMARY<\/h4>\n<p>This report highlights the relevance of enterprise development for sustained, inclusive and sustainable growth in Cameroon. Based on information collected from various national and international organizations, the analyses conducted show that the Cameroonian government would benefit from redoubling its efforts to strengthen the competitiveness of national enterprises, particularly with a view to achieving the objectives of the new National Development Strategy 2020-2030 (NDS30) and taking better advantage of the opportunities offered by the African Continental Free Trade Area (AfCFTA). To achieve the expected results, the first action is for the government and all actors in the entrepreneurial ecosystem to collectively take concrete measures to reduce the predominance of the informal sector. Facilitating the transition of informal businesses to the formal sector and consequently ensuring their sustainability have become essential to promote private sector development. This requires improving the business climate, developing business incubators, upgrading infrastructure, developing the financial sector, and strengthening the public-private partnership.<\/p>\n<\/div><div ><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" style=\"--button_text_transform:none;width:calc(100%);\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/nkafu.org\/download\/challenges-and-opportunities-of-small-and-medium-sized-enterprises-development-in-cameroon\/\"><span class=\"fusion-button-text\">Download the full report<\/span><\/a><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>This report highlights the relevance of enterprise development for sustained, inclusive and sustainable growth in Cameroon.<\/p>\n","protected":false},"author":1,"featured_media":12539,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"give_campaign_id":0,"_eb_attr":"","content-type":"","footnotes":""},"categories":[710],"tags":[],"class_list":["post-12538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sbec-policy-brief"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Challenges and Opportunities of Small and Medium Sized Enterprises Development in Cameroon - Denis &amp; Lenora Foretia Foundation | Catalyzing Africa&#039;s Economic Transformation<\/title>\n<meta name=\"description\" content=\"This report highlights the relevance of enterprise development for sustained, inclusive and sustainable growth in Cameroon.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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