The launch of Phase 2 of the Adaptive Social Safety Nets and Economic Inclusion Project (PASENIE) in Bamenda opens up new financing perspectives for high-potential SMEs.

On January 18th in Bamenda, the official launchof Phase 2 of the PASENIE project brought together key economic development stakeholders under the aegis of the Northwest Regional Delegate of MINPMEESA, Mr. Ngangjo Cliff. This ambitious program plans to support 150 young business owners through grants ranging from 5.5 to 11 million FCFA. Beyond simple financial support, beneficiaries will benefit from 18 months of entrepreneurial coaching to guarantee the sustainability and growth of their businesses.

The selection process, which will begin inMarch 2026, is based on a hybrid application platform (online and physical) anda rigorous evaluation mechanism. A seven-member regional jury, including representatives from MINPMEESA, MINEPAT, and the Chamber of Commerce, has been established to ensure the transparency of choices. Candidates will under go anonymous evaluations before a final "pitch." This rigorous selection aims to identify projects with the highest potential for job creation and added value for the region.

A lever for competitiveness and inclusion

For subcontracting SMEs operating in the region, this project represents a major opportunity to strengthen their financial standing. "Financing is often the missing link for our young companies. By injecting this capital and ensuring 18 months of technical follow-up, we are transforming project leads into true captains of industry," emphasized a regional official. This initiative is perfectly aligned with the missions of the BSTP-CMR, which encourages the technical and financial upgrading of local subcontractors.

According to Mr. Ngangjo Cliff, Regional Delegate of MINPMEESA, this Phase 2 is a crucial step for the local economic fabric: "In a context of recovery, supporting 150 high-potential companies is not just a social act; it is a strategic investment. The transparency of our jury guarantees that only the best projects, capable of sustainably transforming our economy, will be selected," he maintained. By coupling direct financing with close-range support, the PASENIE project restores the confidence of young entrepreneurs and lays the ground work for inclusive and sustainable economic development in the Northwest.