Bloomberg News

Cameroon to Open State Banks for Agriculture, Small Companies

June 02, 2011

June 2 (Bloomberg) -- Cameroon will open new banks to finance agriculture projects and support small companies, Finance Minister Essimi Menye said.

Cameroon Rural Financial Corp. and Banque Camerounaise des PME will each receive start-up capital of 10 billion CFA francs ($22 million), Menye told reporters today in Yaounde, the capital.

To contact the reporter on this story: Pius Lukong in Yaounde at plukong@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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