The structure has received its first financial subsidy to function and upgrade enterprises.

Members of the Orientation Committee of the Subcontracting and Partnership Exchange (SPE) of Cameroon have given vent to the functioning of the structure after it went operational. Professor Laurent Serge Etoundi Ngoa, Minister of Small and Medium-sized Enterprises, Handicraft and Social Economy, chaired the extraordinary session which held at the Meridien Hotel in Douala June 10.

The session assessed the functioning of Subcontracting and Partnership Exchange since its kick-off two years and a half, offer the first financial subsidy to the structure (whose amount was to be disclosed at the end of the session) and orientate it in order to meet set objectives.

Minister Laurent Serge Etoundi Ngoa revealed that 45 enterprises have enrolled with the SPE of Cameroon and many more are compiling both administrative and technical requirements to adhere.

"Enterprises must be technically, financially set up and have the management tools to be involved in vast infrastructure projects. We want to accelerate the upgrading of our local enterprises so that they can also qualify to win public contracts like some multinationals to partake in the execution of the vast infrastructure projects going on in the country," Minister Ngoa underscored. Furthermore, he called on many more enterprises to join the Subcontracting and Partnership Exchange of Cameroon for greater economic growth and employment.