Palais des Congrès in Yaoundé, June 1, 2023. Célestin Guela Simo, Managing Director of Afriland First Bank and Augustin Tamba, National President of the United Municipalities and Cities of Cameroon (Cvuc) signed a partnership agreement aimed at promoting local development and the social inclusion of populations. This first partnership of its kind between the two institutions, which is sealed on the sidelines of the 2nd edition of the International Economic Days of Municipalities (Jeicom), aims to set up a set of mechanisms to facilitate the financial support of municipalities in the implementation implementation of impact projects, vectors of the transformation of territories into “ Production municipalities », niches of wealth creation and social inclusion.
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According to Célestin Guela Simo, DG of Africa First Bank, “ the issue of local development is at the heart of our country’s strategic agenda, set out in the SND30. Quite rightly, solving the local development equation amounts to setting up value-added projects in the municipalities, bringing wealth and providing jobs for the populations”. For him, “such a solution is only made possible by the support of a local, dynamic and solid banking sector. “. This is also what explains the involvement in this project of Afriland First Bank, the leading bank in the Cameroonian banking system with a balance sheet total of nearly 2000 billion FCFA.
For his part, Augustin Tamba did not fail to express his gratitude, on behalf of the towns and cities of Cameroon, to Afriland First Bank. ” We would like to thank Afriland First Bank, a Cameroonian citizen bank, for having accepted this cooperation and we are committed to supporting all of our colleagues in this exercise so that the development of the territories is effective. “. He also points out that “ municipalities that have value-added projects in the sectors of agriculture, livestock, fish farming and many others can now set them up with the technical supervision of Cvucs to be able to apply for lines of credit that will be put Afriland First Bank for territorial development ».
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Through the signing of this partnership agreement, the two parties formalize their mutual commitment to work more, each as far as it is concerned, for the local, participatory and inclusive development of our country. Note that each municipality has its own management and can request facilities according to the rules of the bank. It should be noted that Augustin Tamba stands surety for the facilities for obtaining loans and has undertaken to support all of his colleagues in this exercise so that the development of the territories is effective.
