Higher Education : Gov’t Partners With Banking Institution

Henceforth, staff of the Ministry of Higher Education and those in public State universities will benefit from special loan conditions from a banking institution. This is thanks to a partnership agreement signed between the Ministry of Higher Education and BICEC bank, yesterday, March 12, 2025 in Yaounde. The agreement which laid down conditions for granting preferential loans to staff of the Ministry of Higher Education and State Universities was signed by the Minister of State, Minister of Higher Education, Professor Jacques Fame Ndongo and the General Manager of BICEC, Outman Roodi. 
According to the partnership, short and medium-term consumer loans (purchase of household furniture, household appliances, vehicles, home improvements) will be provided to staff of the Ministry of Higher Education as well as long-term loans or real estate loans to purchase an undeveloped building, purchase a built building for residential use or to be used to construct a retirement residence. Given that the loan scheme has special interest rates, those eligible for the scheme are those who have an account with BICEC and have not reached retirement age before the end of the repayment of the loan granted. The Agreement...