Digitalisation

  1. Digitalisation

What is the driving force of digitalization

Digitalization aims to improve operational processes and customer experience, diversify channels for accessing financial products and services, innovation and new product and service offerings, and finally monetizing manual processing efforts and boosting revenue. To do this, it is essential that each EMF has an Omni-channel and multi-service digital banking platform that gives customers greater autonomy and interactivity in the day-to-day management of their bank account in a completely paperless way. In this way, the customer will be able to obtain his banking information wherever he is, whenever he wants, whatever his mobile phone operator is and initiate his operations in complete safety. With regard to foreign transactions, e-money through the virtual prepaid card is a lead to explore, so that brand franchisors or payment networks like VISA have developed specific programs to link microfinance to international electronic payment systems. Isn’t the ball in the EMF’s court?
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  1. Digitalisation

Digital transformation of financial institutions

The digital transformation of financial institutions is not an end in itself. It is imperative to have governance that promotes performance at all, before thinking about boosting operational efficiency through digitalization and serving customers on digital channels. In many cases, a good diagnosis precedes the launch of all kinds of projects and digital projects. It makes it possible to identify the gap to fill in order to place the company on the starting block of digitalization. Above all, we must not forget the optimization of business processes and the possible conversion of part of the company’s staff.
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  1. Digitalisation

Digitisation of agricultural finance in Africa – Tchiaga Fred Chevanche

The digitisation of agricultural finance in Africa was the central theme of the conference I attended during my visit to Zambia. The event brought together experts from the agricultural sector, government officials, development organizations, banks and fintech companies. to discuss how technological advances can help increase African farmers’ access to financial services. Agricultural finance is essential for Africa’s economic development as it allows farmers to finance their activities, plan their production, invest in improving their land and infrastructure, and manage risks related to climate hazards or changes in agricultural commodity prices. However, many African farmers have difficulty accessing financial services due to the lack of structures tailored to their needs, weak infrastructure and difficulty in assessing the risks associated with farming activities. The digitization of agricultural finance can offer solutions to these challenges by enabling access to financial services via mobile phones, apps and online platforms. It can also help farmers manage risks related to climate hazards or changes in commodity prices through data analysis tools and insurance programs. At the conference, participants discussed different approaches that can be used to digitize agricultural finance in Africa. Some stressed the importance of collaboration between the various players in the sector, including banks, governments, fintechs and farmers themselves. Others emphasized the importance of education and training to help farmers understand the benefits and risks of using fintech. In short, the digitization of agricultural finance in Africa is a crucial issue for the development of agriculture on the continent. Digital agricultural finance platforms facilitate access to emerging agricultural sector in Africa
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Good Reads

€115.05M provided to the Agricultural Value Chain Development Project

The African Development Bank Group, the State of Cameroon and the beneficiaries have provided the Agricultural Value Chain Development Project with €115.05 million since 2022. Apart from this fund, the Government of the Republic of Cameroon provides 75% of agricultural financing through the budget, the promotion of financial institutions, tax exemptions and innovative financing mechanisms. The micro-finance institutions are called upon here to seize the above mentioned opportunities. All they need to do is take an interest in the many projects initiated at the national level to support the legal and individual actors who are interested. Indeed, how to ignore opportunities such as: PAGQ2C: Improvement and Quality Management Project in the Cocoa and Coffee Sectors. AVANGANE: Integrated rice development project in the Central Region. PAPA: Agricultural Productivity Improvement Project. PEA Youth: Program for the Promotion of Agro-pastoral Youth Entrepreneurship. Our platform is keen to support those of micro-finance that are willing to contribute to the financing of this sector or to the mobilization of guarantees specific to agricultural sectors.
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€115,05M – Projet de développement des chaînes de valeur agricoles

Le Groupe de la Banque africaine de développement,  l’État du Cameroun et les bénéficiaires ont doté le projet de développement des chaînes de valeur agricoles, d’une enveloppe de 115,05 millions d’euros depuis 2022. En dehors de ce fonds, le gouvernement de la république du Cameroun assure 75% du financement agricole à travers le budget , la promotion des établissements financiers, les exonérations fiscales et les mécanismes de financement innovants. Les établissments de micro finances sont ici interpellées afin de saisir les opportunités susévoquées. Il leur suffira de s’intéresser aux nombreux projets initiés à l’échelle nationale pour soutenir les acteurs personnes morales et individuelles qui s’y interessent. En effet, comment ignorer les opportunités telles que: PAGQ2C : Projet d’Amélioration et de Gestion de a Qualité dans les Filières Cacao et Café. AVANGANE : Projet intégré de développement de la culture du riz dans la Région du Centre. PAPA : Projet d’Amélioration de la Productivité Agricole. PEA Jeunes : Programme de Promotion de l’Entreprenariat Agropastorale des Jeunes. Notre plateforme est désireuse d’accompagner celles des micro finances qui sont désireuses de contribuer au financement de ce secteur ou à la mobilisation des garanties propres aux filières agricoles.
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Worlwide

The Balance of Nature

This is the way a new universe is supposed to work, or at least, how the universe has to work, if it is supposed to. If all the things in the universe (like every single cell, tree, galaxy, star, planet, etc.) can only be understood if you accept that they were created in some very particular manner, then there is no logical possibility to think that they created at all. If you think about it, we’ve found out a whole lot about the universe (and every single part of it), and we can’t accept anything as fact unless there is a logical reason for it. You can’t say ‘it’ created out of nothing until you’ve measured something, or figured out the speed of light and the mass of the sun and the mass of matter that they’re all made of, etc – at that point all we say is ‘something’ creates stuff (and it only works for one case; it can’t be true for every case, since it’s impossible to know what might or might not have happened). So then we either have to accept that everything in nature is random, or if that’s the case, we just don’t expect the universe to continue to be random. There’s a real question here, and the best answer is that you should be willing to consider, but don’t think that When we talk about animals then they can be considered species, but this is a false and illogical concept. Species do not exist. Humans are one, all animals are one, they are one. No wonder people say ‘the woods are the home of the wild’.  So I’ve never been there before, it’s been hard to get here from Seattle. My first few days were amazing, I had a lot of freedom.  I was free to make wild food, to use fire, go where I wanted (like hiking, kayaking, or snowshoeing), to climb any mountain, to just go wherever I thought might be interesting. This was around August. So my expectations were way off, my first day of freedom was August 25th.  I didn’t really expect to see any bears there.  I think I was going to kill a little one on my snowshoes, but it just sort of disappeared. I guess I’m just the weirdo that likes the outdoors.  I had my dogs with me, they were amazing with their food.  I was taking them for walks, they would run and chase every bit of wildlife they came across, it wasn’t long at all before someone would come running towards them telling them there was a bear.  
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€115.05M provided to the Agricultural Value Chain Development Project

The African Development Bank Group, the State of Cameroon and the beneficiaries have provided the Agricultural Value Chain Development Project with €115.05 million since 2022. Apart from this fund, the Government of the Republic of Cameroon provides 75% of agricultural financing through the budget, the promotion of financial institutions, tax exemptions and innovative financing mechanisms. The micro-finance institutions are called upon here to seize the above mentioned opportunities. All they need to do is take an interest in the many projects initiated at the national level to support the legal and individual actors who are interested. Indeed, how to ignore opportunities such as: PAGQ2C: Improvement and Quality Management Project in the Cocoa and Coffee Sectors. AVANGANE: Integrated rice development project in the Central Region. PAPA: Agricultural Productivity Improvement Project. PEA Youth: Program for the Promotion of Agro-pastoral Youth Entrepreneurship. Our platform is keen to support those of micro-finance that are willing to contribute to the financing of this sector or to the mobilization of guarantees specific to agricultural sectors.
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€115,05M – Projet de développement des chaînes de valeur agricoles

Le Groupe de la Banque africaine de développement,  l’État du Cameroun et les bénéficiaires ont doté le projet de développement des chaînes de valeur agricoles, d’une enveloppe de 115,05 millions d’euros depuis 2022. En dehors de ce fonds, le gouvernement de la république du Cameroun assure 75% du financement agricole à travers le budget , la promotion des établissements financiers, les exonérations fiscales et les mécanismes de financement innovants. Les établissments de micro finances sont ici interpellées afin de saisir les opportunités susévoquées. Il leur suffira de s’intéresser aux nombreux projets initiés à l’échelle nationale pour soutenir les acteurs personnes morales et individuelles qui s’y interessent. En effet, comment ignorer les opportunités telles que: PAGQ2C : Projet d’Amélioration et de Gestion de a Qualité dans les Filières Cacao et Café. AVANGANE : Projet intégré de développement de la culture du riz dans la Région du Centre. PAPA : Projet d’Amélioration de la Productivité Agricole. PEA Jeunes : Programme de Promotion de l’Entreprenariat Agropastorale des Jeunes. Notre plateforme est désireuse d’accompagner celles des micro finances qui sont désireuses de contribuer au financement de ce secteur ou à la mobilisation des garanties propres aux filières agricoles.
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Digital transformation of financial institutions

The digital transformation of financial institutions is not an end in itself. It is imperative to have governance that promotes performance at all, before thinking about boosting operational efficiency through digitalization and serving customers on digital channels. In many cases, a good diagnosis precedes the launch of all kinds of projects and digital projects. It makes it possible to identify the gap to fill in order to place the company on the starting block of digitalization. Above all, we must not forget the optimization of business processes and the possible conversion of part of the company’s staff.
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Trending

Le code de bonne gouvernance d’entreprise

Le 31 mars 2023 a eu lieu la cérémonie de lancement du premier CODE DE BONNE GOUVERNANCE D’ENTREPRISE dans la sous-région d’Afrique Centrale en général et au Cameroun en particulier au siège du Groupement des Employeurs du Cameroun (GICAM) à Bonanjo-Douala en présence de l’ambassadeur de France au Cameroun, du premier conseiller technique du Premier Ministre du Cameroun et des corporations professionnelles (APECCAM, COBAC, ASAC, API, BIT, CTR, DGB, CONSUPE, CCIMA, CAPEF etc. ..). Ce travail a été réalisé par une TaskForce IBGE créée par l’initiative Good Governance du GICAM avec le soutien de l’AFD (Agence Française du Développement) et de sa filiale PROPARCO (Société de Promotion et de Participation pour la Coopération Economique). Bien que le GICAM et d’autres organisations professionnelles aient publié des ouvrages sur l’éthique, l’ESG, la gouvernance et le management des entreprises, on constate que 8 nouvelles entreprises sur 10 ferment dans les deux premières années de leur existence pour les raisons suivantes : L’absence de transparence ; Le non-respect des règles ; L’auto-dépendance ; L’absence d’indépendance des organes de contrôle ; La plupart des entreprises disparaissent avec leurs fondateurs ; Etc Pour les raisons mentionnées ci-dessus, les IMF sont généralement gravement touchées car elles sont généralement leurs partenaires financiers et leur soutien. Aujourd’hui, la plupart des IMF ont beaucoup de difficultés à recouvrer leurs prêts pour les raisons susmentionnées et bien d’autres encore. Il y a donc un intérêt pour les IMF à encourager leurs partenaires à prendre connaissance de ce document et à mettre en œuvre les recommandations afin d’améliorer leur solvabilité et leur crédibilité vis-à-vis de leurs partenaires et des parties prenantes. Le GICAM a pris l’initiative de mettre en place la Charte de Responsabilité Sociale des Entreprises parmi d’autres guides et le Code de Bonne Gouvernance d’Entreprise qui est la boussole qu’il propose aux entreprises dans leur ensemble et aux IMF en particulier. Le GICAM a donc initié ce travail pour trois (03) raisons principales : Le contexte local et international marqué par une transition vers une gouvernance durable ; Une approche inclusive, participative et consensuelle ; Une référence endogène, sur mesure et avant-gardiste. Ce Code est composé de 8 chapitres qui reposent sur 9 grands principes. Les 8 chapitres sont : Responsabilité, structure et fonctionnement ; Direction ; Gestion et contrôle des risques ; Rémunération ; Culture, valeurs et éthique ; Diffusion de l’information ; Respect des actionnaires et de leurs droits ; Relations avec les parties prenantes. Les 9 principes sont les suivants : Durabilité ; l’équité Intégrité ; Responsabilité ; la collégialité ; Compétence ; l’inclusion ; Impartialité ; Transparence Après la présentation de ce code, les prochaines étapes seront les suivantes : Promotion et extension ; Formation sur le bon code de gouvernance d’entreprise et la gouvernance d’entreprise ; Le système de suivi et d’évaluation ; Mise en place d’un label Bonne Gouvernance d’Entreprise
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