Business

Cameroon – Enterprises: The rate of “disappearance” of SMEs in Cameroon estimated at 72% between 2010 and 2016

the-rate-of-disappearance-of-smes-in-cameroon-estimated-at-72-between-2010-and-2016
Written by Deckson N.

In a recently published study on the mortality of small and medium-sized enterprises (SMEs), the Center for Analysis and Research on Cameroon’s Economic Policies (Camercap), a think-fund financed in part by public funds, Reveals that in Cameroon, 72.24% of companies created since 2010 are non-existent in the files of the General Directorate of Taxes in May 2016.

This information means that more than 7 out of 10 companies created from 2010 to 2015 did not survive up to May 2016,” explains the Camercap. Which adds that it is common to see the birth of such an enterprise, to see it die after 1 year or 2 to be reborn in the third year with another denomination, to the observation of the facts and the sociological analysis, and the type of enterprise . “In the end, in five years, we can have 3 units created but with only one promoter (linear), not forgetting those who, in one year, have one or more registered units, but with only one actor” .

The Camercap notes that establishments are generally set up for the execution of a public contract. Once the contracts are executed or not, these SMEs disappear and eventually reappear under a different name later. “It is the logic of the redistribution of the state budget according to the relations of sympathy that one can have with the managers of credit, and it is perhaps for this reason that these establishments are more created in Yaounde, “concludes the Center of Analysis.

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Deckson N.

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