NOTAPME and MyOBus Apps: feasible solutions for SMEs in search of finances

MINPMEESA > News > NOTAPME and MyOBus Apps: feasible solutions for SMEs in search of finances

“These two digital platforms henceforth make up a portion of our entrepreneurial ecosystem and opens better perspectives for Cameroonian SMEs”. It was with these words that the Minister of Small and Medium-sized Enterprises, Social Economy and Handicrafts, Achille BASSILEKIN III on Monday 20th June 2022 launched two flagship applications for SMEs namely the SME Rating System app NOTAPME” and the Integrated Online Business Plan appMyOBus”, excellent catalysts for the promotion of entrepreneurship in Cameroon at the Chamber of Commerce, Industry Mines and Crafts.

            According to the Director of the SME Promotion Agency Mr. Jean Marie Louis Badga, the usage of these two online tools is geared at providing concrete solutions to entrepreneurs constantly in search of finances. Consequently, it should be noted that owing to its current strategic repositioning and the move to reinforce its support package to target SMEs across the national territory, the SME Promotion Agency has decided to broaden its range of non-financial support services to SMEs.

Speaking during the event Minister Achille BASSILEKIN III declared that with both platforms, major advancements will be realised as concerns SMEs output. As such this will permit investors, developers and creators of enterprises to expand the productivity of Cameroonian enterprises. He went forth to reiterate that the important advancements in the digital sector are also beneficial to SMEs. Thus, the added value of these applications presented to the public will aid SMEs to draw up business plans online and the rating of SMEs performances. Moreover, these important applications are indeed a confirmation that with the SME Promotion Agency, these entrepreneurial tools will not only foster the entrepreneurial ecosystem but beyond that, they will also provide SME creators and business men with necessary tools that can attract investors who are interested in their projects and also trace the evolution of the businesses created. He also called on all Cameroonian SMEs wishing to improve on their productivity and output to log on to these newly created applications that will expand Cameroon’s entrepreneurial system.

Worthy of note is the fact that both applications will be of great use to Banks and Investment Companies in search of Cameroonian SMEs to invest in.  As such, the Applications will provide additional information on the credibility and financial situations of SMEs, improve risk management while capitalizing on the advantage of the diversity of projects presented in a bid to improve SME Promotion Agency’s financial service package to SMEs.

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